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Topic: Naira now 216 on banks’ dollar rejection  (Read 1895 times)

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Naira now 216 on banks’ dollar rejection
« on: August 04, 2015, 01:00:19 AM »
Naira now 216 on banks’ dollar rejection

The naira rose further from 222 to 216 at the parallel market on Monday as Deposit Money Banks continued to reject cash deposits in dollars. The Central Bank of Nigeria had said it supported the move by the banks, which was aimed at discouraging speculation on the local currency. The latest rebound of the local... [Read More...]
Source: Naira now 216 on banks’ dollar rejection

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