Home » CBN (Central Bank of Nigeria), Headlines » External reserves sink below $40bn

External reserves sink below $40bn

‘Femi Asu

The nation’s foreign exchange reserves have slumped below the $40bn mark, hitting their lowest level in 22 months, latest report from the Central Bank of Nigeria has shown.

The external reserves, which have been on a downward trajectory in recent times, dipped by over $5bn in the last five months.

The reserves rose to a high of $45.18bn on June 10, 2019 but fell to $44.9bn on July 31 and $43.61bn on August 30.

-Punch 

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Posted by on Nov 28 2019. Filed under CBN (Central Bank of Nigeria), Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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