Naira exchanges for 503/$ at parallel market

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Horlar626
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July 26th, 2021, 7:26 am

The naira exchanged to the dollar at 503 at the parallel market on Friday according to the Bureau de Change operators.

Figures obtained from naijbdcs.com, the official website for the licensed BDCs by the Central Bank of Nigeria showed that the naira was bought and sold for 502 and 503.5.

The naira had earlier traded at 504/$ early in July.

At the Investors & Exporter forex window, the naira hit a high of 412.25 but closed at 411.50.

On the CBN’s website, the banking regulator maintained the official rate of the naira to the dollar at 410.18/$.

The CBN had earlier said that it was increasing foreign exchange allocated to banks to meet legitimate needs.

It assured that the BDCs would continue to have their weekly allocations.
The CBN in May adopted the NAFEX I &E forex window rate of as its official exchange rate to the dollar.

The CBN had established the I&E forex window as part of efforts to deepen the foreign exchange market and accommodate all forex obligations.

The purpose of the window was to boost liquidity in the forex market and ensure timely execution and settlement for eligible transactions.
https://punchng.com/naira-exchanges-for ... el-market/
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eMade
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Location: Abuja
 

July 26th, 2021, 7:55 am

Thanks to this administration
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Coded20
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Location: Ondo
 

July 26th, 2021, 8:00 am

Important info
No Love💔 In The City Just Make Money🤑 And Pray Not To Die Young🙏
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Deon
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Location: Some where in Nigeria
 

July 26th, 2021, 8:33 am

E good for those wey get stash of dollars,
E bad for local man wey one convert to dollars...
This government don show us things
An eye for an eye left thousands blind,
remember that......
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Slayobrey
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July 26th, 2021, 10:37 am

:thnk: swears
Deon wrote: July 26th, 2021, 8:33 am E good for those wey get stash of dollars,
E bad for local man wey one convert to dollars...
This government don show us things
https://mobile.twitter.com/slayobree
N600 in 3days https://lss-nigeria.com/Public/reg/smid/19205
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Dube
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Location: Yola
 

July 26th, 2021, 1:27 pm

1 Dollar is 500...omg
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yaroummu
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Location: Kaduna
 

July 26th, 2021, 3:11 pm

Good for dollar earners
Cool me
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Deon
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Location: Some where in Nigeria
 

July 26th, 2021, 3:24 pm

But OP why N5 no de that photo?
An eye for an eye left thousands blind,
remember that......
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