CBN to sell $230mn in FX forwards, intervenes on spot market

CBN to sell $230mn in FX forwards, intervenes on spot market

The central bank will auction $230 million in forward contracts on the official market on Thursday after selling $370 million this week to boost dollar liquidity and help narrow the gap between the official and black market rates, traders said The bank also sold $1.5 million on the spot market to help keep interbank rates at…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe

Related Posts