CBN injects $284.2m into retail secondary market

The Central Bank of Nigeria has injected $284.2 million in the retail Secondary Market Intervention Sales

And also 36 million chinese yuan in the spot and short-tenured forwards segment of the inter-bank foreign exchange market.

This was made known by CBN’s Director, Corporate Communications Department, Isaac Okorafor in Abuja.

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Mr Okorafor said the United States dollars-denominated transactions were to meet requests in the agricultural and raw materials sectors, while the Chinese Yuan were for Renminbi-denominated Letters of Credit.

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