BREAKING: Naira Further Crashes Vs Dollar At I&E Window Crashes To All Time Low At N788.42/$1—The exchange rate between the naira and the dollar fell to as low as N788/.42/$1 on the I&E window at trading Tuesday, July 11, 2023.
This represents a 5.5% depreciation from the previous day’s close of N744/$1.
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This is also the lowest the naira has fallen against the dollar on the official I&E window since its inception in 2017. and lowest since the window was revised on July 14, 2023.
Before now, the lowest was N770.38/$1 on the 19th of June 2023 just three days after the new window came into operation.
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The exchange rate has traded at an average of about N746/$1 for the last 14 trading days.
