The Nigerian naira has continued fluctuating at the Investors and Exporters (I&E) window, closing at N663 to the dollar on Friday.
The country’s legal tender closed at N702 to the dollar on Thursday but bounced back on Friday to end trading at N663.
![](https://dailyinfo.ng/wp-content/uploads/2023/06/NEW-NAIRA-1062x598-1-1024x577.jpg)
Recall that the Central Bank of Nigeria, CBN, had on Wednesday issued a circular to the effect that all exchange rates across the country will now depend on “willing buyer, willing seller” operation at the I&E window, thereby floating the naira.
Following the announcement, the naira has traded at a record high of N791 per dollar but bounced back to close the week at N663.04 to the greenback.
See Also: CONFIRMED: CBN Unifies All Exchange Rate Windows
The CBN also abandoned the initial official rate of N463 per dollar to adopt the weighted average of transactions at the I&E window.
The apex bank is presently displaying N589/$ on its official website as the weighted average of transactions carried out at the I&E window on Thursday, June 15, 2023.
This marks an improvement from N632.77 quoted by the bank barely 24 hours earlier.
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