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After Mainnet Nigeria may adopt Pi as legal tender to avoid this exchange rate

The exchange rate between the naira and the US dollar depreciated by 1.50% at the black market on Monday, 17th October 2022, trading at an average of N742/$1 compared to N731/$1 recorded in the previous trading session.

Also, the naira at the cryptocurrency peer-to-peer FX market decreased by 0.34% to trade at a minimum of N740.67/$1 on Monday morning, against N738.2/$1 traded at the same time on Friday, 14th October 2022. [irp]

Meanwhile, the exchange rate between the naira and the US dollar at the I&E official window closed at N441.38/$1 on Friday, 17th October 2022, representing a slight gain of 0.1% compared to N441.83/$1 recorded in the previous trading session.

Similarly, a sum of $69.18 million was traded at the Investors and Exporters window on Friday, an increase of 6.76% compared to $64.8 million that exchanged hands in the previous session.

Written by Newsway

NewsWay reporters are Media employees of the newsway.com.ng vested with the responsibilities of getting informative data from verifiable sources and publishing same undistorted on behalf of the NEWS WAY INFO-TECH which is a parent company that birthed the NewsWay blog.

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