CBN moves to ensure FX market not dependent on intervention

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Mr Abdullahi noted that the CBN plans to improve supply organically without its intervention from time to time while maintaining balance in the market. He said that there have been significant improvements in remittance inflows in recent times due to the reforms put in place.Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.He noted that demand for dollars has been driven by uncertainty among the people, with people assuming that there may be a scarcity of dollars in the market.

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