Naira is officially the 3rd worst currency in the world, having traded 283 to the dollar at the interbank market on Thursday, and depreciating to 284/$1 to become the third worst performing currency in the world for 2016 ahead of Venezulan bolivar and Suriname dollar.
This year since the Central Bank of Nigeria (CBN) decided to allow a floating foreign exchange, naira has lost 29.61 percent of its value on the official market.
In Africa the best performers are South African rand, Zambian kwacha, Somali shilling and Botswana Pula, which have gained 8.88 percent, 8.69 percent, 5.54 percent and 4.95 percent respectively.
No comments:
Post a Comment