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BBC Pidgin of Monday, 13 September 2021

Source: www.bbc.com

Naira to Dollar: Domiciliary Account tori na to scata foreign exchange market - CBN

Black market trader wey dey count dollars Black market trader wey dey count dollars

Central Bank of Nigerian deny say dem ask Nigerians to convert all dia domiciliary money to Naira.

For statement wey di Director, Corporate Communications bring come outside, CBN say dem no even dey tink or go tink go dat mata.

E add say di tori na to ginger kasala for di foreign exchange market, di apex bank add.

CBN for di statement say, dis no go be di first time wey dem go tell Nigerians say plans no dey to convert foreign exchange for di customer accounts to naira so dem go fir stop di so called shortage of di American dollar.

Di bank end di statement say dem don contact di authorities on top di fake documents dem wey bin start dis rumour.

But di mata of foreign exchange don be wetin Nigerians don dey chook eye inside for a while now.

Na just July here, di apex bank bin ban di sale of forex by Bureau De Change operators to take "stabilize" di Naira as dem tok am.

Dis na as di Naira don depreciate well-well against di dollar

How di Naira dey valued against di US Dollar till now

For 1980, during di height of di oil boom, one dollar $1 bin only dey valued at 55 kobo, but now, as at CBN value one dollar at 409.98.

All di informate here dey come from di Central Bank of Nigeria.

  • 1980 - ₦0.55


  • 1982 - ₦0.67


  • 1984 - ₦0.76


  • 1985 - ₦0.89


  • 1986 - ₦2.02


  • 1987 - ₦4.02


  • 1988 - ₦4.54


  • 1989 - ₦7.39


  • 1990 - ₦8.04


  • 1991 - ₦9.91


  • 1992 - ₦17.30


  • 1993 - ₦22.05


  • 1994 - ₦21.89


  • 1995 - ₦81.20


  • 1996 - ₦81.20


  • 1997 - ₦82.00


  • 1998 - ₦84.00


  • 1999 - ₦93.95


  • 2000 - ₦102.10


  • 2001 - ₦111.93


  • 2002 - ₦121.0


  • 2003 - ₦129.3


  • 2004 - ₦133.5


  • 2005 - ₦131.1


  • 2006 - ₦ 128.29


  • 2007 - ₦118.21


  • 2008 - ₦126.48


  • 2009 - ₦148.78


  • 2010 - ₦150.48


  • 2011 - ₦158.23


  • 2012 - ₦157.32


  • 2013 - ₦157.27


  • 2014 - ₦169.68


  • 2015 - ₦196.99


  • 2016 - ₦305.22


  • 2017 - ₦306.31


  • 2018 - ₦306.92


  • 2019 - ₦306.95


  • 2020 - ₦381