The Central Bank of
Nigeria (CBN) yesterday sold $185.86million at the retail Secondary Market
Intervention Sales (SMIS), even as the naira remained stable at N382 per dollar
in the parallel market.
CBN’s
Acting Director, Corporate Communications, Department, Mr. Isaac Okorafor
confirmed this development disclosing that out of the auctioned
amount, only $3.14million was sold as spots, while the sum of
$182.72million was sold as forwards.
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