According to the CBN, the authorised dealers include banks and BDC operators.
This development comes two weeks after the CBN sold $122.67m to 46 authorised a move aimed at increasing liquidity in the country’s market stability and reducing volatility.
A week ago, it also announced that $20,000 was to be sold to each BDC at the rate of 1,450/$1.
Despite this move, the naira has depreciated against the United Dollars, trading above N1,600 on Thursday at the official market.
The statement read, “The Central Bank of Nigeria sold a cumulative sum of US S148,000,000.00 in the Nigerian Foreign Exchange Market to Authorised Dealers on July 22 and 23, 2024.
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