Naira slides to N774.8/$ at I&E window, N897/$ at parallel market

  • 📰 thecableng
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 80%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

TOP STORY: Naira slides to N774.8/$ at I&E window, N897/$ at parallel market | TheCable

on Friday, according to data obtained from FMDQ Securities Exchange, a platform that oversees foreign exchange trading in Nigeria.

The I&E FX window is the market trading segment for investors, exporters and end-users that allows for FX trades to be made at exchange rates determined based on prevailing market circumstances. It is the country’s official FX market.the exchange rate windows, the naira has consistently experienced fluctuations at the official window.

The traders put the buying price of the dollar at N890 and the selling price at N897, leaving a profit margin of N7.Advertisement With the depreciation, the gap between the official and parallel market exchange rates is widening once again.higher inflation and continued volatility in the FX market in August.

The firm warned that petrol subsidy removal and the adoption of a managed float exchange rate system is expected to mount additional pressure on inflation.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 2. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Naira slides to N774.8/$ at I&E window, N897/$ at parallel market | TheCableThe naira, on Monday, closed at N774.78 per US dollar at the investors and exporters (I&E) window.
Fuente: thecableng - 🏆 2. / 80 Leer más »

No respite for naira at parallel market, arbitrage widens to 15% | The Guardian Nigeria News - Nigeria and World NewsNaira could be facing a fresh crisis as official and black market arbitrage, which narrowed to near zero a week after the foreign exchange (FX) rates convergence, has widened in one week.
Fuente: GuardianNigeria - 🏆 1. / 94 Leer más »