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Anticipated $3.4bn SDRs from IMF, $6.2bn Eurobond Issuance Lift Naira at BDC, Parallel Markets

WeekAheadFX: Naira seen weaken against the greenback at most FX markets


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In the just concluded week, Naira appreciated against the USD at the Investors & Exporters Window by 0.33% to close at N410.38/USD even as the external reserves rose marginally w-o-w by 0.01% to close at USD33.10 billion as at July 15, 2021.
However, Naira depreciated at the Bureau De Change and Parallel market by 0.40% and 0.20% to close at N502/USD and N506.00/USD respectively.
Meanwhile, NGN/USD exchange rate closed flat at N380.69/USD at the Interbank Foreign Exchange market amid weekly injections of USD210 million by CBN into the forex market: USD100 million was allocated to Wholesale Secondary Market Intervention Sales (SMIS), USD55 million was allocated to Small and Medium Scale Enterprises and USD55 million was sold for invisibles. ....

Medium Scale Enterprises , Bureau De , Foreign Exchange , Exporters Window , Bureau De Change , Interbank Foreign Exchange , Wholesale Secondary Market Intervention Sales , நடுத்தர அளவு நிறுவனங்கள் , பணியகம் டி , வெளிநாட்டு பரிமாற்றம் , ஏற்றுமதியாளர்கள் ஜன்னல் , பணியகம் டி மாற்றம் , மொத்த இரண்டாம் நிலை சந்தை தலையீடு விற்பனை ,