Naira Falls Against Dollar At The Official Market
Naira Falls Against Dollar At The Official Market
The naira on Monday, 8th August 2022 depreciated against the dollar at the Investors and Exporters (I&E) window.
According to Nairametrics, the naira closed at N431/$1.
Naira started the week on a bearish note, with a 0.67% depreciation to close at N431/$1 compared to N428.12/$1 recorded in the previous trading session. This is despite a 60.83% increase in the amount of forex traded in the market at $115.67 million.
In the same vein, at the peer-to-peer market, naira fell to N670.4/$1 on Tuesday morning from N662.4/$1 recorded as of the same time on Monday, representing a 1.21% decline compared to the previous day.
