The Central Bank of Nigeria, CBN, has injected 284.2 million dollars in the retail Secondary Market Intervention Sales, SMIS.
Also, the bank injected CNY36.0 million in the spot and short-tenured forwards segment of the inter-bank foreign market.
These were made known on Friday in a statement issued in Abuja by the CBN’s Director, Corporate Communications Department, Mr. Isaac Okoroafor.
While describing the intervention at the retail market as the latest round of mediation in the inter-bank foreign exchange market, Okoroafor said the United States dollars-denominated transactions were to meet requests in the agricultural and raw materials sectors.
Those in Chinese Yuan were for Renminbi-denominated Letters of Credit.
He said the bank was satisfied at the continued stability in the foreign exchange market just as he said that the bank would always ensure that all the sectors of the forex market would continue to get access to the needed foreign exchange.
