Naira falls to new low, trades N1,045/$ at parallel market

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 75%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

Survey carried out on street traders across the country by Vanguard revealed it stayed on the range of N1,035 to N1,040.The street traders put the buying price of the dollar at N1,025 and the selling price at N1,045, leaving a N25 profit margin.At the official side of the market — the investors’ and exporters’ window — the local currency depreciated by 0.70 per cent to close at N776.80 to the dollar on Wednesday.

According to details on FMDQ OTC Securities Exchange, a platform that oversees official FX trading in Nigeria, a total of $60.30 million FX transactions were made at the I&E window.Data obtained from the Central Bank of Nigeria disclosed Nigeria’s foreign exchange reserves fell to $33.23 billion at the end of the third quarter of 2023.

The international reserves declined by $5.01 billion on a year-on-year basis relative to the $38.25 billion reported at the end of September 2022. On a quarter-on-quarter basis, the foreign reserves depreciated by $881.84 million, having closed the second quarter at $34.11 billion.The World Bank recently declared the naira and the kwanza of Angola as the “worst performing currencies” in Africa so far in 2023.Subscribe to our E-EDITIONS

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 5. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Naira hits new low at parallel market, strengthens at official marketNaira extended losses at the unofficial market on Wednesday to trade at N1,030 per $1.
출처: PremiumTimesng - 🏆 3. / 78 더 많은 것을 읽으십시오 »