Business CBN will not devalue the Naira - Alade - Vanguard

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Administrator
TheActing Governor of the Central Bank of Nigeria, CBN, Mrs. Sarah Alade, yesterday, assured that the bank has no immediate plans to devalue the Naira but prefers to intervene in the Foreign Exchange, forex, market until stability is achieved in the value of the Naira.

She told journalists at her maiden press briefing in Abuja that the bank had enough resources to defend the local currency and would use necessary tools to achieve monetary and price stability in the country.

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Source: Vanguard Newspaper

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