Nigeria’s central bank denies it’s threatening to seize dollar accounts ...Middle East

There is no plan to convert dollars, pounds, or any other foreign currencies in Nigerians’ bank accounts to naira, says the Central Bank of Nigeria (CBN).In a statement on Sept. 11, the bank said it “has not contemplated, and will never contemplate, any such line of action. The speculation is a completely false narrative aimed at triggering panic in the foreign exchange market.”The clarification comes as the naira continues to weaken due to rising dollar demand, especially in the black market. While the official exchange rate holds steady around 410 naira for one dollar, the price on the street has risen from less than N500 mid July to N550 in Lagos today—the naira’s lowest level against the

Hence then, the article about nigeria s central bank denies it s threatening to seize dollar accounts was published today ( Monday 13/09/2021 - 07:30 PM ) and is available on Quartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Nigeria’s central bank denies it’s threatening to seize dollar accounts )

Also on site :

• Aramco and Pasqal launch Saudi Arabia's first Quantum Computer and Middle East's first commercial Quantum Computing as a Service platform
• Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began
• EQT selected to lead the Scaleup Europe Fund