CBN: We injected $7.6bn into FX market in five months to stabilise naira | TheCable

📆 2022/09/12 1:58:00
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.cenbank: We injected $7.6bn into FX market in five months to stabilise naira | TheCable

September 11, 2022 2:21 PM

The apex bank added that it pumped $1.82 billion in March, $1.56 billion in April and $1.18 billion in May 2022.“Total foreign exchange sales to authorised dealers by the bank were $1.18 billion, a decrease of 24.4 percent below $1.56 billion in April,” the report reads.

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cenbank A bad move in the run-up to elections especially in a setting where the central bank is not independent of the federal executive branch of the government.

cenbank Because of dollar imperialism

cenbank LOL. Stop defending. Let the market decide

cenbank No, you injected $7.6bn FX into the hands of aboki and politicians. What that simply means, is that, those two mentioned, will continue in their round tripping, and get richer for doing nothing.

cenbank And it’s still shaking like a Michael Jackson something.

cenbank Which Naira?

cenbank Add pain killer to that injection abeg. Air ticket and inflation no be play. 👀

cenbank And yet the Naira refuses to be stabilised! Right? We should think so. Nigeria needs a change of guard at the Central Bank of Nigeria. Simple.

cenbank Jesus Christ. Emefiele oooo

chaplinez70 cenbank You mean you injected it into your pockets. Can't wait for 2023

cenbank Mtcheew!!!

cenbank They are completely confused

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