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Dollar to Naira black market exchange rate today Thursday, 23 June 2022

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Today’s Dollar to Naira Exchange rate at the black market. How much is the Dollar to Naira exchange rate at aboki fx today, 23rd June 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate.

Nigerians prefer to exchange foreign currency, particularly dollars to Naira, on the black market since the conversion rate is much higher than what the bank offers.

On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.

READ ALSO:  Naira to dollar black market rate today, 30 November 2021

How Much is Dollar to Naira and the official Exchange Rate today, 23rd June 2022?

Please keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has recommended individuals interested in Forex contact their respective banks before proceeding.

The parallel exchange rate (black market rate) is always different from the CBN rate. The exchange rate between the US dollar and the Nigerian Naira significantly impacts the Nigerian economy.

READ ALSO:  Naira to Dollar black market rate today, November 16, 2021

As the Naira falls in value, inflation takes over the economy, which usually impacts the inhabitants. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports.

The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website, cbn.gov.ng.

READ ALSO:  Naira to Dollar black market rate today, 17 November 2021

The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. These rates are almost always cheaper than those available on the black/parallel market.

Dollar to Naira Black Market Rate Today, 23rd June 2022

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate607
Buying Rate610
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Olajire Taofeek
I've been a freelance web developer and blogger for a while now, and I have passion for both. Like most men, I'm a football lover, infact I prefer playing to watching matches. Personally, I believe with dedication there's no limit to what we can achieve. Yes, we all have the power and ability to do that. You can contact me via [email protected] for your web design and development gigs.

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