Thursday, 31 March 2016

NAIRA STILL STRUGGLING AGAINST THE DOLLAR



-           Reportedly, Naira still maintains its exchange rate at N322 to a dollar.

-          It is equally static to the two other major currencies, the Pound Sterling which is exchanged at N448 and the Euro which is sold for N355.
-          However, at the official interbank rate, N197 is exchanged for a dollar.
-          Reportedly, traders at the parallel market say the high exchange rate is discouraging customers.

                            CULLED FROM VANGUARD

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