Home Featured CBN releases fresh $195 million into forex market

CBN releases fresh $195 million into forex market


Image result for Central Bank of Nigeria releases fresh $195 millionThe Central Bank of Nigeria says it released fresh $195m into the foreign exchange market Tuesday as part of its wholesale intervention to ensure liquidity in that segment of the market.

The release was confirmed by CBN Acting Director of Corporate Communications Department, Isaac Okoroafor who said the intervention was made up of $150m for the wholesale auction and $45m in the invisible segment for such items as medical fees, tuition fees, Personal Travel Allowance and Business Travel Allowance.


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