CBN injects $284.2m in Retail Secondary Market
The Central Bank of Nigeria has injected $284.2 million in the retail Secondary Market Intervention Sales.
The bankers’ bank also injected the sum of 36 million Chinese Yuan in the spot and short-tenured forwards segment of the inter-bank foreign exchange market.
This was made known by CBN’s Director, Corporate Communications Department, Isaac Okorafor in Abuja.
Okorafor said the United States dollars-denominated transactions were to meet requests in the agricultural and raw materials sectors, while the Chinese Yuan were for Renminbi-denominated Letters of Credit.
Posted: July 31, 2019 11:15 am