Isaac Okorafor, disclosed this in a statement in Abuja on Friday.
He explained that the U.S. dollar intervention was for requests in the agricultural and raw materials sectors while the Chinese Yuan, on the other hand, was for Renminbi denominated Letters of Credit.
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Forex Intervention: CBN injects $321.11m, CNY 33.3m into retail market – Daily TrustThe Central Bank of Nigeria (CBN) has injected 321.11million dollars into the retail Secondary Market Intervention Sales (SMIS). The CBN Director of Corporate Communications, Mr Isaac Okorafor, disclosed this in a statement in Abuja on Friday.ADVERTISEMENT Okorafor said the figures indicated that the sum of CNY33.3 million was also offered in the spot and short …
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CBN charges ABCON on effective self-regulation, market intelligence | The Guardian Nigeria News - Nigeria and World NewsThe Central Bank of Nigeria (CBN) has challenged the Association of Bureaux De Change Operators of Nigeria (ABCON) to evolve an effective self-regulation that would ensure full compliance of the operators.
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