weakened further against the U.S. dollar at the official market on Thursday, after reaching a record low on Wednesday, following Vice president Yemi Osinbajo’s criticism of the central bank’s forex policy.
“As for the exchange rate, I think we need to move our rates to [be] as reflective of the market as possible. This, in my own respective view, is the only way to improve supply,” the vice president said.Data published on FMDQ securities exchange window where forex is officially traded showed the currency exchanged hands with the greenback at N422.07 per $1 on Thursday, the lowest rate ever recorded at the official window.
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