Leadership: Naira Crashes To N1210 To US Dollar
Posted: October 24th, 2023, 10:16 am
According to Leadership news, the Nigerian Naira Crashes To ₦1,210 To a US Dollar
https://leadership.ng/just-in-naira-cra ... us-dollar/The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it closed last week.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), also known as the Importers and Exporters window, the naira depreciated last week by 5.4 per cent to NGN808.27 to the dollar.
Parallel market traders say the continuous decline in the value of the naira is due the scarcity of the greenback in the market.
This is not crashing