Dollar to Naira has crashed to lowest this Week - Thank God !

Dollar to Naira has crashed to lowest this Week.

Newsone reports that the American official currency, dollar crashed at the parallel market also known as the black market on Friday, October 29, trading at  ₦565 per a dollar after it closed at ₦572 per a dollar on Thursday, October 28, 2021.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that...you can buy or sell 1 dollar at ₦565 and the price can change (high or low ) within hours.

Also, Newsone reports that the Naira gained on Friday, October 29, 2021, hitting ₦₦414.49 per dollar, after it closed at ₦415.10 per $1 on Thursday, 29 October 2021 at the Nigerian autonomous foreign exchange (NAFEX) rate — the default FX reference for official and legitimate transactions.

Meanwhile, Newsone Nigeria reports that the development is coming a week and few days after Nigeria’s Vice President, Prof. Yemi Osinbajo, called on the Central Bank of Nigeria (CBN) led by Godwin Emefiele to allow the naira reflect the realities of the market.