The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.
A top official of the apex bank, who told this medium that the report is completely false, warned that such reports could have serious adverse consequences for the economy.
According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates.
Naira Devaluation Is Fake News- Says CBN
“The report is not true. The CBN has not devalued the naira. The exchange rate of the naira on the FMDQ website as at yesterday was N464.67 per dollar. The authors of the report may have their own agenda, but the CBN’s plan is that the best approach is to allow for a gradual convergence of all the rates.”
This is coming after Daily Trust reported that the CBN on Wednesday devalued the naira to N630 to $1 from N461.6.
According to the source who spoke to the media house, the dollar was sold at the new rate on the Importers and Exporters Window on Wednesday.
BY IYABO AINA
Publisher Of News Rain Nigeria