Overnight lending rate rose sharply to around 50% on Friday, from an average of 4.5% the previous day, after the central bank debited commercial lenders’ accounts for special forex sales, traders said.
BusinessDay News reports that the central bank on Monday asked banks to submit bids for a “special currency auction” to clear the backlog of matured outstanding dollar
Read More: Other money and finance news
BusinessDay News reports that the central bank on Monday asked banks to submit bids for a “special currency auction” to clear the backlog of matured outstanding dollar
Read More: Other money and finance news
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