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CBN Injects $210m Into Currency Market | The Precision

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The Central Bank of Nigeria said on Monday it had injected $210 million
into the interbank foreign exchange market, extending efforts to boost
liquidity and alleviate dollar shortages. 

The bank said in a
statement it had released $100 million earmarked for the wholesale
market, $55 million for small businesses and individuals, and $55
million for certain dollar expenses such as school fees and medical
bills. 
The central bank said it: “will continue to manage the
forex with a view to reducing the country’s import bills and halting
accretion to its foreign reserves.”

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