8/25/2023 0 Comments Dollar to birr today black market![]() The new rate is equivalent to the black market rate which has stood at approximately 750 to the dollar since last year. Traders told the Reuters news agency the central bank had removed trading restrictions on the official market, which drove the naira to a record low of 750 to the dollar on the official market, down from Tuesday’s low of 477 naira to the dollar. ![]() Under suspended apex bank chief Godwin Emefiele, the situation worsened, making it difficult for investors to take out money from Africa’s biggest economy. Nigeria’s central bank allowed the naira currency to drop as much as 36 percent on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who oversaw much-criticised multiple exchange rates.įor decades, multiple exchange rates had led to foreign currency shortages. ![]()
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