Naira Falls to 310/USD At Inter-Bank, Steady At Parallel Market

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Nigerian naira on Monday fell 1.45% to 310.50 to a United State Dollar at the inter-bank market, despite Travelex sale of dollars to the Bureau De Change operators.

The currency closed at N305.99 to the dollar on Friday, according to data compiled by Bloomberg.

Travelex, a foreign exchange deal started sale of dollars to Bureau De Change operators and other travelers at the Nigeria’s airport to cushion to effect of scarcity of the dollar on Nigerian naira.

At the parallel Market, the currency remain steady at N473 to the dollar.

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