The total turnover of forex transactions on the Investors and Exporters window has risen to $7.62 billion.
According to the monthly analysis by FSDH Merchant Bank Limited, the increase has been consistent since April this year.
The report pointed out that the implementation of the Investors’ and Exporters’ Foreign Exchange window has increased the supply of foreign exchange into the Nigerian economy.
According to the CBN, the objective of the window is to increase liquidity in the forex market and ensure timely execution and settlement of eligible transactions.
Source: TVC news