Naira hits 791/$, closes at 702/$ — 24 hours after float | TheCable
The Nigerian naira traded as high as 790 to the dollar at the investors and exporters window on Thursday — about 24 hours after the float of the local currency.
On Wednesday, the Central Bank of Nigeria announced the unification of all exchange rate markets in the country, stating that every rate quoted will be decided by the forces of demand and supply.but later appreciated to close at 664 to the greenback.The market rate is expected to maintain a “willing buyer, willing seller” arrangement forthwith.
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