Naira devaluation report false – CBN
The Central Bank of Nigeria (CBN) has debunked the claim that it has devalued the naira to N631 per dollar at the importers’ and exporters’ (I&E) window.
A statement signed by Acting Director of Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports.
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The statement partly reads, “We wish to state categorically that this news report, which in the imagination of the newspaper is exclusive, is replete with outright FALSEHOOD and destabilizing innuendos, reflecting potentially wilful ignorance of the said medium as to the working of the Nigerian Foreign Exchange Market.
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“For the avoidance of doubt, the exchange rate at the Investors’& Exporters’(I&E) window which traded this morning (June 1, 2023) at N465/US$1 and has been stable around this rate for a while.”
More details later…
