03 August, 2015

US Currency Trembles As Naira Rises

The United States dollar (US Dollars) will further continue to tremble against naira in Nigeria at the parallel market as Deposit Money Banks continue to reject cash deposit of foreign currencies into customers’ domiciliary accounts.

The naira had appreciated against the dollar from 245 to 220 at the parallel market last week after banks started denying their customers opportunity to make cash deposits of dollar, pound and euro into their domiciliary accounts.

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