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Central Bank of Nigeria - News of the day 2,582

Day 2,582, 19:32 • Published in Nigeria Nigeria

• by Nigerian National Bank

Hello eNigerians!

Good news for our finances!
On this day our money supply in the Monetary Market (MM) been completely bought:

We proceeded to put the gold on sale again considering the average values of gold according to the eAnalyzer.

Only that this time we have booked 50 golds in case a change in the economic module produces a sharp increase of gold. In this case we could use to make a profit mobilizing that little gold reserve.

Hopefully mutual trust and goodwill among members of this comundad further additions to the good game. This is very important and necessary to decide the right time to start using part of stagnant money in the Treasury. The money currently suffered a sharp devaluation, therefore, gold has had a recent increase in value. Our coins are worth less compared to a few days ago when they were changed to the value of 1 gold = 200 NGN. Currently the exchange rate of 1 gold = 223 NGN is necessary to begin to use part of the money still in the Treasury. As I said, hopefully the confidence and good will allow us to play the best way to get the most effective results with the resources of eNigeria.