The naira fell to 351 per dollar at the parallel market and slightly to 282 at the new interbank market on Monday.Following the floating of the naira and the adoption of a single structure through the
interbank/autonomous window, the currency closed last week at 281 to the greenback at the official market.The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu
Gwadabe, in an interview with our correspondent, said the naira dropped to 351 at the parallel market from between 346 and 348 due to persistent liquidity issue.He said, “Lack of liquidity in both the interbank and parallel markets is what is affecting the naira exchange rate to the dollar.
Punch
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