The naira has in over
18 months remained stable at both the official and parallel markets despite
several odds facing it ahead of the 2019 general elections, President,
Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji (Dr.)
Aminu Gwadabe has said.
Speaking to journalists in Lagos, the ABCON boss commended the Central Bank of
Nigeria (CBN) financial sector reforms, and the contributions of the Bureau de
Change (BDC) operators to the current exchange rate stability, as against the
common practice of currency devaluations and depreciations across the world at
election times.
The naira exchanges at N306/$1 in the official market and N358/$ in the parallel market despite the election fears.
The naira exchanges at N306/$1 in the official market and N358/$ in the parallel market despite the election fears.
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