Due
to shortage of dollars, the naira at the parallel market on Thursday
depreciated drastically as desperate importers scrambled for dollars to meet
their obligations overseas.
The
currency had closed at 318 against the greenback on Wednesday, after hitting
313.5 and 310 on Tuesday and Monday, respectively.
Some
Bureau De Change Operators say they fear the naira will fall further in coming
days if the central bank fails to lift the dollar restriction.
0 comments:
Post a Comment