READ ALSO:. OSUN Court declares Raheem Adedoyin wanted over gruesome murder of Timothy Adegoke, Hotel, Hilux Van forfeited to State Govt
The Central Bank of Nigeria (CBN) has denied a popular newspaper report that it devalued the Naira.
In a swift reaction contained in a statement issued on Thursday morning by the CBN’s acting Director of Corporate Communication, Dr. Isa AbdulMumumin, titled ‘CBN Has Not Devalued The Naira’, he said the attention of the apex bank was drawn to the news report by an Abuja based newspaper edition of June 1, 2023, titled “CB Devalues Naira To 630/51”.
https://docs.google.com/forms/d/e/1FAIpQLSfjdLdCgSwuqIuQyALbHO8X9WEbTfmnZ3QjUEBC56xZo-op3g/viewform?usp=sf_link
However, the CBN stated categorically that the news report was replete with outright FALSEHOODS and destabilizing innuendos, ‘reflecting potentially willful ignorance of the said medium as to the workings of the Nigerian Foreign Exchange Market.’
READ ALSO:. BUHARI set up traps for TINUBU in order to make his own look better – SHEHU SANNI BLASTS BUHARI
READ ALSO:LABOUR Leaders, FG meeting on fuel Subsidy removal deadlocked
“For the avoidance of doubt, the exchange rate at the Investors’ & Exporters (I&E) window traded this morning (June 1, 2023) at N465/USS1 and has been stable around this rate for a while.
“The public is hereby advised to ignore the news report by Daily Trust in its entirety, as it is speculative and calculated at causing panic in the market,” the CBN spokesman added.
Leave a Reply