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Topic: CBN sold $300million to Banks (Read 27 times)

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February 28, 2024, 10:52:08 AM
#1
https://punchng.com/cbn-sells-over-300m-to-banks-as-naira-gains/.
Came across this
Which I believe is the reason for the naira gain to dollar
At the time of writing dollar to naira is #1430 down around 7%.
This action taken by the CBN would it have any effect on the long run?
Despite this fall
Price of goods for market nor gree fall
The country people themselves just dey use dollar as opportunity to increase goods prices.
Currently Bitcoin has finally crossed $60K and I believe holders of usdt are fewer than Last week.
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