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CBN sells 221.57m dollars worth of forex

Freedom Reporter by Freedom Reporter
August 12, 2013
in Business
0
Nwanisobi: CBN intervention programmes 'responses to socio-economic situations, exigencies'

CBN

cbn_abujaThe Central Bank of Nigeria (CBN) said on Monday that it sold 221.57 million dollars (N3.4 billion) worth of foreign exchange at its 30th bi-monthly Wholesale Dutch Auction System (WDAS).

The apex bank disclosed this on its Website, released after the WDAS trading.

The volume of the forex sold dropped by 78.43 million dollars (N125.6 million), against the 300 million dollars sold on July 29.

The Naira maintained its appreciation against the dollar at the auction, trading at N155.75 to the dollar.

The exchange rate was N155.75 to a dollar, compared with the N155.76 at the auction on July 29.

The report added that 18 banks participated at the bi-weekly WDAS auction.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.