only. Reserves spent, crude sales account for up to 70 of government revenue and more than 90 of the country's export earnings. That's because anyone with foreign currency is trying to hold onto it - a bet that rates will improve in the future. The fee charge is low compared with Western Union, fee is very low.
Fx rate in nigeria today
Our Terms Conditions Apply - You are usd dollar to indian rupees converter free to copy and distribute the table under Creative Commons Licence CC-BY.0 - please refer to and link back to the table. Most everyone else is forced to rely on the black market. But currency traders report the bank has continued to intervene in the market. "If you walk into a bank to exchange dollars or buy dollars you need to ask for the bank manager. The exchange rate has since rebounded along with the price of crude.
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Central Bank of Nigeria Exchange Rate
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