Naira exchanges ₦‎770.38 to dollar, drops 16.19%

The local currency showed a 16.19% decrease when compared with ₦‎663.04 it exchanged to the dollar at the close of business on June 16.

The open indicative rate closed at ₦‎703.50 to the dollar on Monday.

An exchange rate of ₦‎799 to the dollar was the highest rate recorded within the day’s trading before it settled at ₦‎770.38.

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