According to him, it is unfortunate that as one of the leading oil-producing countries in the world, Nigeria has no functioning refinery and spends huge foreign exchange on fuel importation.

Source: https://punchng.com/withdraw-policemen-attached-to-vips-to-inec-facilities/

According to ING Bank, the US dollar remained relatively strong despite unspectacular economic data because the foreign exchange markets found no better alternative to the greenback.

Source: https://business.inquirer.net/415475/weak-gdp-numbers-point-to-more-peso-downside

A currency trader stands near the screens showing the Korea Composite Stock Price Index (KOSPI), center, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, March 22.

Source: https://triblive.com/news/wire-stories/wall-street-quiet-ahead-of-fed-rate-hike-decision/

A currency trader stands near the screens showing the Korea Composite Stock Price Index (KOSPI), center, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Wednesday, March 22.

Source: https://triblive.com/news/wire-stories/wall-street-quiet-ahead-of-fed-rate-hike-decision/

A currency trader watches computer monitors near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, May 19, 2023.

Source: https://www.gjsentinel.com/news/us/stock-market-today-wall-street-points-higher-on-hopes-for-us-debt-ceiling-breakthrough/article_7724cb95-4741-5584-942c-0d085d1d7441.html

A currency trader watches computer monitors near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, May 19, 2023.

Source: https://www.gjsentinel.com/news/us/stock-market-today-wall-street-points-higher-on-hopes-for-us-debt-ceiling-breakthrough/article_7724cb95-4741-5584-942c-0d085d1d7441.html

Additionally, the CBN’s net foreign exchange position is reported to be lower than indicated in its financial statement published in August.

Source: https://www.theinfostride.com/fitch-expresses-worry-about-10-billion-forex-loan-but-maintains-nigerias-stable-credit-rating/

Alphabet brought in $76 billion in consolidated revenue for the quarter, an increase of 7 percent year over year ignoring foreign exchange.

Source: https://www.crn.com/news/cloud/google-q4-earnings-ai-invests-trying-to-make-cloud-profitable

As a prelude, early in 1987 he instructed the Bank of England in the foreign exchange market to keep the pound’s value close to that of the German currency.

Source: https://www.theguardian.com/commentisfree/2023/apr/08/labour-still-in-thrall-to-low-tax-regime-championed-by-my-friend-nigel-lawson

At the interbank foreign exchange, the domestic unit opened at 83.23 and traded in a narrow range of 83.18 to 83.24 against the greenback.

Source: https://www.freepressjournal.in/business/rupee-snaps-two-day-fall-recovers-6-paise-against-us-dollar

August 14, (THEWILL) – The Central Bank of Nigeria (CBN) says it has taken appropriate measures to stabilise the unfavourable fluctuations in the foreign exchange market.

Source: https://thewillnews.com/cbn-moves-to-stabilise-foreign-exchange-market-warns-speculators/?utm_source=rss&utm_medium=rss&utm_campaign=cbn-moves-to-stabilise-foreign-exchange-market-warns-speculators

Authorities are focusing on the restoration of foreign exchange market functioning, the passage of a fiscal year 2024 budget consistent with program goals and adequate financing.

Source: https://businessmirror.com.ph/2023/06/04/investors-zero-in-on-china-local-debt-blowup-as-top-risk-in-asia/

Before the cap on the rupee was removed, markets eyed three different rates to assess its value — the state bank’s official rate, the one assessed by the foreign exchange companies and the black market rate.

Source: https://financialpost.com/pmn/business-pmn/pakistani-rupee-falls-after-market-maker-group-removes-currency-cap

By contrast, supply of foreign exchange is infinitely elastic.

Source: https://www.vanguardngr.com/2023/09/tinubus-100-days-hope-dashed-so-soon/

CBN hopes that with the removal of restrictions, more Nigerians will now use official channels for forex transactions thereby enhancing and transparency in the foreign exchange market.

Source: https://www.legit.ng/business-economy/money/1540532-cbn-access-zenith-gtb-directives-domiciliary-bank-accounts/

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Oct. 10, 2023.

Source: https://www.baytoday.ca/business/stock-market-today-wall-street-rises-as-pressure-relaxes-from-the-bond-market-7664418

Dantata said the plant, which has the capacity of producing 1,700 different products, will contribute to foreign exchange generation for the country, through products export, as well as meet the needs of other neighbouring countries.

Source: https://businessday.ng/energy/oilandgas/article/explainer-what-200m-litre-bestaf-lubricant-plant-means-for-nigerias-economy/

“Energy costs rose in line with the increase in foreign exchange rates.”

Source: https://www.hurriyetdailynews.com/inflation-to-drop-below-50-pct-in-may-says-finance-minister-182139

Exchange rate policy should focus on rebuilding foreign exchange reserves.

Source: https://www.africanews.it/english/international-monetary-fund-imf-executive-board-completes-the-sixth-and-seventh-reviews-under-the-extended-credit-facility-arrangement-for-sierra-leone/

Excluding the impact of foreign exchange, revenue grew 43% year-over-year.

Source: https://seekingalpha.com/article/4628268-monday-com-ltd-mndy-q2-2023-earnings-call-transcript?source=feed_all_articles