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Nigeria Acts to Defend Naira After Currency Hits New Record Low

Nigeria Acts to Defend Naira After Currency Hits New Record Low


Bitcoin.com
2024-07-21 02:30:52

The Central Bank of Nigeria recently sold U.S. dollars to Bureaux de Change (BDC) at a flat rate of NGN1,450 per greenback. The central bank stated that eligible BDCs can sell the dollars to end-users at a margin of no more than 1.5% above the purchase exchange rate. The Nigerian apex bank disclosed that it


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