Naira Quoted At 253/$ As Interbank Market Opens

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Naira Quoted At 253/$ As Interbank Market Opens

Great news! Nigeria’s naira was

quoted at 253 against the U.S. dollar as

a new interbank market opened today.

Nigeria’s central bank said last week

it would scrap its fixed exchange

system which has seen the currency

pegged at 197 to the U.S. dollar for the

past 16 months.

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