The dollars were offered for the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the federal government to commemorate the Eid-ul-Fitr.
The Bank, also on Friday, confirmed the sale of forex to dealers in the bureau de change (BDC) segment of the market to meet the needs of low-end forex users.
According to Isaac Okorafor, the acting director, corporate communications at the CBN, the $240m figure released to the Retail SMIS included deals initiated in the course of the out-going week.
While expressing delight at the stability in the forex market, Okorafor said the bank remained very optimistic that its goal of exchange rate convergence is fast becoming a reality, adding that the CBN was committed to ensuring liquidity in the forex market.
It will be recalled that the CBN, in its interventions last week, injected about $831.5 million in the inter-bank Forex market and released figures indicating that the Bank had boosted transactions at the Investors’ & Exporters’ (I&E) segment of the market to the tune of $2.2bn.
Meanwhile, the naira continued to maintain its stability in the forex market, closing at an average of N365/$1 in the BDC segment of the market on Friday, June 23, 2017.
