The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 23 pips to 7.1788 against the dollar Friday.
Browsing: Chinese Yuan
The Central Bank of Nigeria on Friday provided 340 million dollars and 46.3 million Chinese Yuan to customers seeking foreign exchange in the agricultural and raw materials sector.
The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange market.
The acting Director, Corporate Communications, Isaac Okorafor, said the sale in the Chinese Yuan was done through a combination of spot and 15-day tenor.
The Central Bank of Nigeria on Friday launched the sale of foreign exchange in Chinese Yuan signalling the consummation of the Nigeria-China Currency Swap Agreement.
A statement issued by the Bank on Friday disclosed that the sales shall be through a combination of spot and short tenored forwards.