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The naira on Wednesday appreciated to 315.50 to the United States Dollar at the inter-bank market as against 322 its closed the previous day.
The Central Bank of Nigeria (CBN), yesterday, intervened to save the naira, as the currency hit all-time-low at 350 to a dollar equivalent to 77.67 per cent dropped at the inter-bank foreign exchange market.
The fall traded to lowest value since the commencement of the flexible exchange rate policy introduced in June 2016.
Naira Watch: Tracking Nigeria's Currency [Day 34]
Tuesday- Closed: 322.50
Today Open: N322.50
High Rate: N322.25
Low: N315.50
Recommended: CBN Intervenes As Naira Falls to All-Time-Low
The Central Bank of Nigeria (CBN), yesterday, intervened to save the naira, as the currency hit all-time-low at 350 to a dollar equivalent to 77.67 per cent dropped at the inter-bank foreign exchange market.
The fall traded to lowest value since the commencement of the flexible exchange rate policy introduced in June 2016.
Naira Watch: Tracking Nigeria's Currency [Day 34]
Tuesday- Closed: 322.50
Today Open: N322.50
High Rate: N322.25
Low: N315.50
Recommended: CBN Intervenes As Naira Falls to All-Time-Low