Forex Intervention: CBN injects $323.5m, CNY 17.9m into Retail SMIS

By Editor on 30/11/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 99


Okoroafor

In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and shorttenored forwards segment of the inter-bank foreign market.

The CBN Director in charge of Corporate Communications Department, Mr. Isaac Okorafor said that the intervention was for requests in the agricultural and raw materials sectors. The Chinese Yuan, on the other hand, was for Renminbi denominated Letters of Credit.

Mr. Okorafor further expressed satisfaction over the stability of the foreign exchange, whichaccording to him, was largely due to sustained intervention by the Bank. He assured that the Bank Management would remain committed to ensuring that all the sectors of the forex market continue to enjoy access to the needed foreign exchange especially during the forthcoming yuletide season.

Meanwhile, $1 on Friday, November 29, 2019 exchanged for N358 at the Bureau de Change (BDC) segment of the foreign exchange market, while CNY1 exchanged at N48.

 

 

In its last intervention for the month of November, the Central Bank of Nigeria (CBN) on Friday, November 29, 2019, made an intervention of $323.5million in the retail Secondary Market Intervention Sales (SMIS) and CNY 17.9million in the spot and shorttenored forwards segment of the inter-bank foreign market.

 

Source Whirlwindnews.com

Posted on November, 30 2019

Yahoo mail icon Gmail icon


You may also like...
King of the Clay! Nadal sees off Djokovic...

Police nab son of Morsi, ex-Egyptian president over...

BREAKING: First world's nuclear war here - China...

IBB to Saraki: I hope Nigerians listen to...

Despite Jamb's directive, Zamfara Varsity sets own cut...

Serena sells off Los Angeles home for double...

How Fayose was saved – Ex-Minister *Warns against...

BREAKING: Daring gunmen raid Buhari’s ward *Abduct Daura...

TRAGEDY: Six players struck by lightening during football...
Latest News Obaseki chases away Oshiohmole, supporters to Ize-Iyamu’s house for Edo APC ‘mega rally’ Don’t die along dead marriages, divorce can be a huge blessing – Daddy Freeze NBA star, self-confessed sex addict finally finds cure *No more sex until wedding day Three years after invading his house, DSS clears Okoro, S'Court judge of corruption Death hits Nigerian entertainment again, snatches Ajibade Oyemade Teacher jailed 18 months for knocking off student's front teeth Aisha Buhari: No pillow in the Villa, 'other room is empty' Visa-free offer, Buhari’s strategy to finally make Nigeria Fulani homeland – Fani-Kayode Man 26, denied option of fine, to spend two months in jail for beating up own mother Disaster averted, as security operatives prevent 'area boys' from fallen petrol tanker in Lagos

 

Most Read BREAKING: Atiku defects to APGA *Picks ticket for 2019 presidency *Runs with Soludo (58,297 views) BREAKING: Ronaldo, Messi, Neymar clinch final Ballon d'Or shortlist, Suarez snubbed (38,429 views) You must release Kanu, give us justice or we keep bombing – Gen. Ben (26,597 views) Seven 'killer' SARS officers arrested in Anambra for murder (24,128 views) I must redeem Ndigbo or die trying – Nwodo *We're quite uncomfortable in Nigeria (22,520 views) BREAKING: Upset, as Ugwuanyi appoints Queen of 419 into cabinet (15,771 views) Biafra: I’ll lead negotiation with agitators – Okorie *Warns against force (15,560 views) Okorie to Buhari: Your gvt can’t be killing Ndigbo and offering B’Haram amnesty (15,376 views) BREAKING: Again DSS shuns court order, hedges on Kanu's release (14,075 views) Catholic bishops to Mbaka: Your prophesies could be brain wave (13,569 views)

 

News Appointments (275) Business (316) Crime (1116) Economy (556) Education (232) Entertainment (265) Fashion and Style (79) General (508) Health (467) Inside Africa (432) Interviews (22) National (1398) Politics (3196) Press Releases (3) Religion (225) Security (1535) Sports (2348) Technology (28) World News (593)

 

CBN banner advert

Chelsea Outdoor

Veleta banner

FRSC Officials vs Woman Driver on highway

 

 

Newsletters Subscribe to Whirl Wind News newsletters today and get breaking news and updates delivered to your mailbox!

Sign up

 

Advertisement