{"id":72500,"date":"2023-06-01T12:21:53","date_gmt":"2023-06-01T11:21:53","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=72500"},"modified":"2023-06-01T12:21:53","modified_gmt":"2023-06-01T11:21:53","slug":"naira-devaluations-fake-news-cbn","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/naira-devaluations-fake-news-cbn\/","title":{"rendered":"Naira Devaluation\u2019s Fake News – CBN"},"content":{"rendered":"

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters\u2019 (I&E) window.<\/p>\n

A top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for the economy.<\/p>\n

According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cThe report is not true. The CBN has not devalued the naira. The exchange rate of the naira on the FMDQ website as at yesterday was N464.67 per dollar. The authors of the report may have their own agenda, but the CBN\u2019s plan is that the best approach is to allow for a gradual convergence of all the rates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters\u2019 (I&E) window.<\/p>\n","protected":false},"author":6,"featured_media":54646,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[36],"coauthors":[2391],"class_list":["post-72500","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-cbn"],"yoast_head":"\nNaira Devaluation\u2019s Fake News - CBN - National Wire<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/naira-devaluations-fake-news-cbn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naira Devaluation\u2019s Fake News - 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