Abuja, Feb. 6, 2023 – Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN) on Tuesday said that sanity was returning to the foreign exchange market after the recent reforms.
He said the reforms were yielding anticipated results as dollar supply to the foreign exchange market had improved.
Cardoso made the observation while speaking before members of the House of Representatives, stressing that dollar liquidity had improved in the market.
“As of yesterday, the volume of transactions in our market was over $800 million. This is the first time in many years it has achieved this level.
“I want to emphasize that we are now at a turning point and bold reforms are underway across different segments of the economy.
“I’m confident that positive outcomes are already emerging and will become more apparent shortly.” (GBN)
