CBN reports $91 billion foreign exchange inflow in 2017

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The Central Bank of Nigeria (CBN), has said that the aggregate foreign exchange inflow into the country stood at $91 billion in 2017.

CBN also said the figure surpassed the total outflow by $57.32 billion in the period.

In percentage terms, inflow through the CBN accounted for 46.3 per cent, while autonomous sources took 53.7 per cent.

Also, aggregate foreign exchange outflow, from the economy, increased by 31.8 per cent to U$33.68 billion, higher than the $25.55 billion in 2016.

Outflow via autonomous sources was calculated at $3.13 billion.

The increase was attributed to the increased intervention by the CBN in the inter-bank and Bureau De Change (BDC) segments of the foreign exchange market.

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