External Reserves Decline To $36.44bn On Retail Dollar Sales …C0NTINUE READING HERE >>>
Nigeria’s external reserves have recorded a marginal decline of 1.16 percent ($430 million) in the last two weeks since the Central Bank of Nigeria (CBN) reintroduced the retail Dutch auction in the foreign exchange (FX) market.
Data from the CBN showed that the foreign currency reserves dropped to $36.44 billion on Thursday August 22, 2024 from $36.86 billion on August 6, 2024.
The CBN undertook the sale of foreign exchange (FX) to end users through a Retail Dutch Auction System (rDAS)…
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