Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-World Total Foreign Exchange Holdings has hit N10.9 trillion from 1995 to 2012 according to data obtained from the International Monetary Fund (IMF) Statistics Department Currency Composition of Official Foreign Exchange Reserves (COFER) and International Financial Statistics (IFS). According to the IMF, the statistics last updated […]
Tag: Euro
Euro falls as the dollar gains for the week
For the day, euro slips a bit after ECB loan news, dollar edges up The euro slipped Friday, contributing to the currency’s losses against the U.S. dollar for the week, after the European Central Bank said commercial banks would pay back early a smaller-than-expected chunk of cheap three-year loans. The […]
Euro, money market rates fall after low ECB loan repayment
Money market rates and the euro fell on Friday after the European Central Bank announced banks would make 62.8 billion euros worth of early repayments of three-year banking sector loans. The repayment came in below the 130 billion euro Reuters poll consensus and means the level of surplus liquidity in […]
