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CBN sells $300m forex at WDAS

Freedom Online by Freedom Online
September 9, 2013
in Business
0
CBN Governor, Lamido Sanusi

CBN Governor, Lamido Sanusi

The Central Bank of Nigeria (CBN) on Monday sold $300 million (N46 billion) at N155.76 to the dollar at its 68th Wholesale Dutch Auction System (WDAS).

CBN Governor, Lamido Sanusi
CBN Governor, Lamido Sanusi

 

The sale was $33.44 million dollars (N5.2 billion) higher than the $266.56 million  sold at the same rate on September 4.

The apex bank, in a summary of the auction posted on its Website, said that the $300 million sold was the total amount offered for sale.

The number of banks that participated at the auction was 20 against 19 at the previous auction.

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