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CBN sells foreign exhange worth $237m
04 April 2013, 09:04
Lagos - The Central Bank of Nigeria (CBN) on Wednesday sold foreign exchange worth 237 million dollars at its biweekly Wholesale Dutch Auction System (WDAS).
The CBN disclosed this in a summary of WDAS auction conducted on Wednesday posted on its Website.
The News Agency of Nigeria (NAN) reports that the value of transactions at Wednesday's auction was less than that of the March 27 auction where 300 million dollars were sold.
The official exchange rate at Wednesday's auction was N155.74 to the dollar against March 27 auction rate of N155.75.
A total of 16 banks participated at the auction against 19 banks that participated at the former auction.
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