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The director, Corporate Communications at the CBN, Mr. Isaac Okorafor, while confirming the figures, said the CBN was pleased with the state of the forex market, adding that the Bank will continue to intervene in order to sustain the liquidity in the market and guarantee the international value of the naira.
He sahttps://entrepreneurng.com/id the Bank was determined to achieve its objective of exchange rate stability, thus the continued injection in the foreign exchange market. According to him, the level of transparency in the market was also a confidence boost for the market.
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It will be recalled that the CBN in its last intervention window on November 16, 2018, injected the sum of $318.03m and CNY 62.18m into the Retail Secondary Market Intervention Sales (SMIS).
Meanwhile, the naira continued to maintain its stability in the FOREX market, exchanging at an average of N361/$1 in the BDC segment of the market on Wednesday, November 21, 2018.
He said the Bank was determined to achieve its objective of exchange rate stability, t. According to him, the level of transparency in the market was also a confidence boost for the market. It will be recalled that the CBN in its last intervention window, injected the sum of $318.03m and CNY 62.18m into the Retail Secondary Market Intervention Sales (SMIS).
