Despite the scarcity of dollars in the nation's deposit money banks last week, prompting them to scramble to meet customers' demand, market survey during the period has however shown that volatility in the local currency was at its barest minimum as the naira remained relatively stable at the interbank market.
For instance, throughout the week, the local currency traded at a range of N199.10/$1 to N199.15/$1 at the interbank and was sold at N197/$1 from the CBN.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article