Home Business CBN disburses $221.37m for BTA, School fees
CBN disburses $221.37m for BTA, School fees
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CBN disburses $221.37m for BTA, School fees

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Image result for CBN disburses $221.37m for BTA, School feesThe Central Bank of Nigeria says it has sold 221.37 million dollars to 16 banks through the Interbank foreign exchange market.

The apex bank disclosed this in its Sales Report on the second wholesale intervention.

It said that the move was to enable commercial banks meet demand for Basic Transport Allowance, school fees and medicals by customers.

The report said 10 banks accessed 162.8 million dollars at a qualified bid for the United States dollars, ranging from N330 to N360 per dollar onĀ  30-days tenour.

The CBN further said that it had injected 370.9 million dollars into the interbank market through forward sales.

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