Currency
retailers and experts have said the naira will trade slightly below 500 per
United States dollar this week despite the commencement of the sale of foreign
exchange to Bureau De Change operators by the Central Bank of Nigeria last
week.
The
CBN had through the International Money Transfer Organisations resumed the sale
of dollars to BDCs on Thursday, after stopping it for almost a month due to the
Yuletide holiday.
Travelex,
one of the IMTOs in the country, sold about $20m to 2,500 BDCs with each
getting $8,000, the President, Association of Bureau De Change Operators,
Alhaji Aminu Gwadabe, said.
According
to a Reuters report, the naira is seen unchanged on the
parallel and official forex markets in the coming days even as the IMTOs
continue the sale of dollars to the BDCs this week, boosting greenback
liquidity.
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