Enterprise Television- CBN Injects $210 Million into Interbank Forex Market
The Central Bank of Nigeria on Tuesday said it injected the sum of 210 million dollars into the interbank foreign exchange market to boost liquidity in the system.
The Bank said it allocated the sum of 100 million dollars to dealers in the wholesale sector, while the Small and Medium Enterprises segment and invisible received the sum of 55 million dollars each.
The Acting Director, Corporate Communications Department at the bank, Isaac Okorafor, said the continued intervention in the interbank forex market was mainly to ensure sustained liquidity and stability in the market.
According to him, the intervention by the CBN had impacted the market positively and guaranteed a stable exchange rate for the naira.
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