CBN Injects $337m, 53m Chinese Yuan into FOREX market
Central Bank of Nigeria (CBN), on Friday, intervened in the Inter Bank Foreign Exchange (FOREX) market by injecting over 337 million dollars.
The CBN also pumped in 53.44 million Chinese Yuan in the Spot and Short tenured forwards of the inter-bank foreign exchange market.
The CBN spokesman, Mr Isaac Okorafor, in a statement in Abuja said that the move was to maintain the bank’s commitment to ensuring adequate liquidity and stability in the inter-bank foreign exchange market.
The Bank had on Tuesday this week injected 210 million dollars in the Inter-Bank foreign exchange market.