The naira tumbled to 269 against the United States dollar at the parallel market on Wednesday as the Central Bank of Nigeria commenced rationing the greenback to Bureaux De Change operators in its weekly foreign exchange sale.
The dollar was sold for 260 at the parallel market on Tuesday.
The central bank cut the amount it sold to each of the 2,270 BDC operators that participated in Wednesday’s sale to $10,000, down from the $30,000 sold to the operators last Wednesday, the acting President, Association of Bureaux de Change Operators, Aminu Gwadabe, said.
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