Naira Dollar exchange rates, Daily Parallel Black Market & CBN Official rates currency conversion, Bitcoin Daily updated naira dollar exchange rates, euro and pounds. Currency conversion rates, parallel market and black market. Forex in Nigeria. CBN inte
For the full year of 2023, the country's forex reserves rose by $110.29 billion while gold reserves were up by 7.23 million ounces. The SAFE attributed the increase to the comprehensive impact of exchange rate conversions and changes in asset prices. The prices of global financial assets increa...
an official of the PBOC, said the central bank will continue to promote market-oriented reform and flexibility of the RMB exchange rate, which will be given full play to the role of regulating the macro economy and stabilising balance of payments. The PBOC vowed to keep the yuan stable and ...
Macao has fully leveraged its unique advantages, resulting in a staggering leap in GDP from 51.9 billion Macao patacas to an impressive 379.5 billion patacas in 2023—approximately $47 billion based on the 2023 average exchange rate.This
In the first two months of this year, Nigerians witnessed steady appreciation of the Naira and convergence of the official and parallel markets exchange rates around N1,500 per dollar. The above development, which hugely contrasts with the volatility, steady depreciation of the Naira which charac...
The multiple exchange rate regime led to the emergence of different exchange rates in the three major segments of the foreign exchange market, namely the official market, the Investors and Exporters (I&E) window also known as NAFEX, and the parallel market. ...
The one-year fixed-term deposit interest rate was cut by 15 basis points to 0.95 percent, according to the official deposit interest rates released by Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, and Bank of Communications. ...
Also, IMTOs were barred from purchasing foreign exchange from the domestic market to fulfil their obligations. However, with a recent circular, the ban was lifted, and IMTOs can now trade on the official market. Gbolahan Ologunro, portfolio manager at FBNQuest, said the reforms encouraged more...
improve the macro-prudential management of cross-border financing and guide enterprises and financial institutions to optimize their asset-liability structure. At the same time, by increasing the amount of forex, domestic demand for settlement will increase, thus also stabilizing the exchange rate. ...
The central bank on Tuesday pledged to make continued efforts to deepen reform in the foreign exchange market and refrain from drastic ups and downs in the Chinese currency. The PBOC emphasised that the exact renminbi exchange rate cannot be precisely predicted under the market-based foreign exchang...