CBN injects $321.1M, CNY 33.3M into retail SMIS

The Central Bank of Nigeria says it has made another intervention in the retail secondary market intervention sales to the sum of $321.1 million.

The director, corporate communications department , Isaac Okoroafor also added that the sum of 33.3 million Chinese yuan was also offered in the spot and tenured forwards segment of the inter-bank foreign exchange market.

The U.S dollar intervention was for requests in the agricultural and raw materials sector while the Chinese yuan was for Renminbi denominated letters of credit.

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