Naira Remains Static at N322 Per Dollar Two Days After Easter Break

The Naira on Wednesday, March 30, maintained its exchange rate at N322 to a dollar. It also remained firm against the two other major currecies, the pound sterlin which exchanged at N448 and the \euro which sold for N355.

However, at the official interbank rate, N197, was exchange for a dollar.

Some traders at the parallel market lamented that the high exchange rate was discouraging to customers.

Meanwhile, the apex bank, in its last Monetary Policy Committee (MPC) meeting, said that excess liquidity in the banking system was contributing to the current pressure in the foreign exchange market.

 

7 COMMENTS