Nigeria Resumes Dollar Sales to Money Changers Amid Naira’s Decline
Submitted by Anonymous (not verified) on Tue, 09/10/2024 - 08:50
The Central Bank of Nigeria resumed selling US dollars to money changers to address the falling value of the naira. This decision came after the naira-to-dollar exchange rate dropped to a low of NGN1,639 per dollar, likely due to increased demand for US dollars for travel and business. The central bank has outlined rules for […]