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CBN injects $210 million into forex market - Premium Times Nigeria

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CBN injects $210 million into forex market

has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.

The bank’s Director, Corporate Communications Department, Isaac Okorafor, made this known in a statement in Abuja on Tuesday. Mr Okorafor explained that the figures released by the CBN indicated that authorised dealers in the wholesale segment of the market were offered 100 million dollars while the Small and Medium Enterprises segment received 55 million dollars.

He said another 55 million dollars was allocated to customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance , among others.CBN had on September 6, injected 321.11 million U.S. dollars and CNY33.3 million into the Retail Secondary Market Intervention Sales segment.

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