... exchange rate between dollar and naira as $/N. This indicates how much naira buys one dollar in Nigeria's interbank FX market. Dealing rules permits the banks to decline third currency quotes. DEALING ARRANGEMENTS AND RISK MANAGEMENT The ...
... bank competitors.” After a slight pause, Peter continued speaking. “Citibank and the other merchant banks have in ... Naira?” Peter thought for a moment before replying. “I think I'll take this one in Naira. I have some local accounts ...
... rate of N2.9 to the dollar, which the Central Bank deemed too high, altering the rate to N3.20 to the dollar. Subsequently, the Central Bank intervened to prop up the naira when the rate appeared to be falling towards four to the dollar ...
... exchange rates were increasing , except for Cameroon which lowered retail prices for gasoline in 1991 ( Figure 1 ) . Calculations based on data in Table 1 indicate that price differentials in terms of U.S. dollar and naira , at both ...
... Naira exchange rate were also introduced . In the period up to 5 March 1992 , bankers , especially merchant bankers , were able to earn a rent of up to Naira 8 on the dollar by trading dollars ( and other hard currencies ) which they ...
... Naira . Nigeria does not maintain margins in respect of exchange transactions and pursues an independent and flexible exchange rate policy . The official middle rate for the U.S. dollar ... Bank of Nigeria also quotes daily rates at which it ...
... Rate,. and. Monetary. Policy. Framework,. 2011–12. (continued). Country Myanmar Myanmar Myanmar Nigeria Paraguay Russia ... naira per U.S. dollar to 155 naira per U.S. dollar with a soft exchange rate band of ±3% (unchanged) to accommodate ...
... rate today is a 150 naira to the dollar , whereas before the IMF set its feet on Nigerian soil , the exchange was ... Bank for restructuring the Mexican economy . These conditions , known in the aggregate as a structural adjustment ...
... pound sterling . When the naira replaced the Nigerian pound in 1972 , the rate of exchange was two to one ; i.e. , two naira to one Nigerian pound which in turn had an exchange rate of one to one with the pound sterling . Today , the naira ...