Metro Naira slumps to 370/$ in parallel market – Newtelegraph

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Import, hoarding exert pressure on greenback Dollar shortage occasioned by rising demand for the greenback, yesterday sent the Nigerian currency, the naira, crashing to N370 per dollar in the parallel foreign exchange market, the local currency’s lowest level since August 2017.

Traders in the parallel market …

naira.JPG

Read more via Newtelegraph – https://ift.tt/2zzYope

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