CBN pumps $210m into foreign exchange market

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The Central Bank of Nigeria (CBN) says it has injected two hundred and ten million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.
 
Mr Isaac Okorafor, CBN Director, Corporate Communications, made the disclosure in Abuja.
 
According to him, CBN  offered 100 million dollars as wholesale interventions and allocated $55 million dollars to Small and Medium Enterprises.
 
Another $55 million dollars were allocated to customers requiring foreign exchange for business and personal travels, tuition or medical fees.
 
The interventions were in continuation of the bank’s resolve to sustain the high level of stability in the foreign exchange market.
 
It is also to continue to ease access to the currency by customers in different sectors.

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