In Nigeria Central bank weakens its FX peg to 197/US$

Traders said the regulator sent a message announcing the adjustment

  • Published: , Refreshed:
Godwin Emefiele play

CBN Governor, Godwin Emefiele

(today)
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Nigeria's central bank weakened its exchange rate peg slightly to 197 naira against the dollar on Monday from 196.50 it set last week, traders said.

CBN HQ. play

CBN HQ.

(Chiolachic via Techcabal)

 

READ: Banks to freeze 32 million accounts from November 1

Traders said the regulator sent a message announcing the adjustment which is the seventh since the bank introduced tight currency controls in February.

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