Opera News

Opera News App Download

Check The New Exchange Rate Of US Dollar To Naira, Showing The Naira Is Depreciating Not Appreciating

JeSuisDera
2020-09-17 07:16:05

The Naira (sign: ₦, code: NGN ) is the currency of Nigeria which is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability.

The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins.

Rampant inflation has occurred in Nigeria. The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%.As of 20 June 2016, the naira was allowed to float, after being pegged at 197 to one US dollar for several months. Trades speculated the natural range of the naira would be between 280 and 350 to the dollar.

Below are the new exchange rate of Dollar to Naira based on Google Finance; but sometimes exchange rate may differs due to different third parties/ middle men or brokers.

$1 = 383.00

$10 = 3,830.00

$20 = 7,660.00

$30 = 15,320.00

$40 = 19,150.00

$50 = 19,150.00

$60 = 22,980.00

$70 = 26,810.00

$80 = 30,640.00

$90 = 34,470.00

$100 = 38,300.00

$1000 = 383,000.00

With these Dollar to Naira Exchange rate, do you think Naira will ever appreciate to the extent of going to $1 = ₦1


Let's hear you say in the comment section. Like and share this article, follow me up for more articles.

Source: JeSuisDera (via Opera News )

Tags:      

CBN Central Bank of Nigeria Naira Nigeria Nigerian Federation

HotTags:

abule egba how to treat toilet infection in male ioe unilorin edu ng solidstar yacine brahimi
The views expressed in this article are the writer's, they do not reflect the views of Opera News. Please report any fake news or defamatory statements to operanews-external(at)opera.com

COMMENTS

YOU MAY LIKE

Don't blame the PDP supporters in Gombe for celebrating after Obaseki won the Edo guber election

2m ago

0 🔥

Don't blame the PDP supporters in Gombe for celebrating after Obaseki won the Edo guber election

Photos Of 5 Ongoing Projects in Nigeria

3m ago

0 🔥

Photos Of 5 Ongoing Projects in Nigeria

Popular American Preacher, Bishop T.D Jakes Claimes he is an Igbo Man

5m ago

2 🔥

Popular American Preacher, Bishop T.D Jakes Claimes he is an Igbo Man

You can't change people, accept who they are or start living life without them

5m ago

0 🔥

You can't change people, accept who they are or start living life without them

Opinion: Nigeria Getting Closer To 60 - My Igbo People Let's Keep Bearing This Name Together

8m ago

2 🔥

Opinion: Nigeria Getting Closer To 60 - My Igbo People Let's Keep Bearing This Name Together

How I Discovered I am From Igbo - Popular American Preacher, T.D Jakes Reveals

13m ago

33 🔥

How I Discovered I am From Igbo - Popular American Preacher, T.D Jakes Reveals

20 Unique Watches for Men and Women with Photographs

21m ago

52 🔥

20 Unique Watches for Men and Women with Photographs

Meet The 3 Governors To Ever Win An Election In Both The PDP And APC

26m ago

254 🔥

Meet The 3 Governors To Ever Win An Election In Both The PDP And APC

"Stop Agitating for 2023 Succession it's unhelpful", Gov. Udom Cautions

27m ago

167 🔥

Why APC Should Be Grateful To Adams Oshiomhole

30m ago

664 🔥

Why APC Should Be Grateful To Adams Oshiomhole