Another $240 million into the nation’s foreign exchange market to sustain Naira’s gains against the Dollar and other hard currencies has been injected by Central Bank of Nigeria, CBN.
Of that amount, $90 million is to meet requests for invisibles such as medical and school fees. The balance of $150 million was given to authorized FOREX dealers in the interbank wholesale auction window.
The Bank’s Acting Director in charge of Corporate Communications, Isaac Okorafor, confirmed the figures, disclosing that the CBN had adjusted Bureau De Change sale days to Tuesdays only to reduce logistical difficulties.
He added that henceforth the apex Bank would sell $10,000 only to low-end forex dealers once a week, instead of the twice weekly earlier announced.
According to him, the CBN has also directed all banks to pay cash over the counter to desiring foreign exchange customers.
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