CBN Reaffirms Commitment To Liquidity Support For Forex Markets
In its recent effort to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary, the Central Bank of Nigeria CBN offered $876m to fulfil bids submitted by customers at an auction in Abuja. In a statement, the CBN says, to provide transparent access to foreign exchange for all legitimate customers, the apex bank management has introduced an additional mechanism through the Retail Dutch Auction System, […]
