News Formal

'Dollar scarcity now scary' -- naira slumps to N1,225/$ at parallel market

  • 📰 thecableng
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Nigeria's independent online newspaper

Bureaux De Change operators, popularly known as ‘abokis’, told TheCable that the high FX rate was largely driven by volatility and the scarcity of the greenback.The currency traders quoted the buying rate of the dollar at N1,215 and the selling price at N1,225 per dollar, leaving a profit margin of N10.FMDQ OTC Securities Exchange

“We are committed to encouraging liquidity based on reforms that have been made at the moment, on the fiscal side and the monetary side. And together with the restoration of trust and confidence we think the FX flows will return,” the minister said.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 2. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

'Dollar scarcity now scary' -- naira slumps to N1,225/$ at parallel marketNigeria's independent online newspaper
Fonte: thecableng - 🏆 2. / 80 Consulte Mais informação »