Tuesday, 7 April 2015

Dollar drops from N199 to N185

Now that a dollar is now N185, Bureau De Change operators in the country have attributed the fall to the release of the foreign currency by hoarders who had stored it pending the outcome of the nation’s general elections.

A dollar over the weekend sold for N185 against the usual N220-N240 which it sold for in the last few weeks. Some of them however said the Dollar crash could also be attributed to the fact that politicians have stopped campaigning for elections, which has made the demand for the currency drop.

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