CBN Foreign Exchange Intervention Declines by $930m

The Central Bank of Nigeria’s foreign exchange intervention declined by $930m in the third quarter of 2021.

CBN disclosed this in its report on the supply of forex for the third quarter of 2021.

According to the report Investors & Exporters, SMEs and the invisible market rose from $2.97bn in Q2 to $3.3bn in Q3, while inter-bank intervention rose from $540m to $730m.