cbn statement, 2012-11-20
The Committee noted with satisfaction the premia between the rates at the wDAS and the interbank and between the wDAS and the BDCs narrowed towards the end of the review period, from N0.74/US$ and N3.64/US$ to N0.03/US$ and N1.68/US$, respectively, suggesting the need to sustain and further complement existing measures to discourage speculative activities in the foreign exchange market.
Sentiment: neutral
Topic: mp_exchange_rate