CBN Pumps Another $210m Into Inter-Bank Forex Market

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In continuation of its mediation in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) on Wednesday, April 24, 2019, intervened with the sum of $210m to sustain liquidity in that segment of the market.
According to the figures released by the apex bank, authorized dealers in the wholesale segment of the market were offered $100m, while those in the Small and Medium Enterprises (SMEs) segment got $55m.
Customers purchasing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allotted a total of $55m.

Confirming the transactions, CBN’s Head of Corporate Communications, Isaac Okorafor reiterated its readiness to ensure the availability of foreign exchange in order to ensure continued stability in the markets.
In its last intervention on Thursday, April 18, 2019, the CBN injected the sum of $254.8m and CNY34.8m into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the Naira on Wednesday, April 24, 2019, exchanged at an average of N360/$1 in the BDC segment of the market.

https://investdata.com.ng/2019/04/cbn-pumps-another-210m-into-inter-bank-forex-market/#more

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