{"id":13772,"date":"2023-06-01T10:48:07","date_gmt":"2023-06-01T10:48:07","guid":{"rendered":"https:\/\/theblogonline.com\/?p=13772"},"modified":"2023-06-01T10:48:07","modified_gmt":"2023-06-01T10:48:07","slug":"fake-news-cbn-denies-naira-devaluation","status":"publish","type":"post","link":"https:\/\/theblogonline.com\/?p=13772","title":{"rendered":"Fake News! CBN Denies Naira Devaluation"},"content":{"rendered":"<p class=\"p2\">The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters\u2019 (I&amp;E) window.<\/p>\n<p class=\"p1\"><span class=\"s1\">A top official of the apex bank, who told this medium that the report is completely false , warned that such reports<span class=\"Apple-converted-space\">\u00a0 <\/span>could have<span class=\"Apple-converted-space\">\u00a0 <\/span>serious adverse consequences for the economy.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market<span class=\"Apple-converted-space\">\u00a0 <\/span>exchange rates.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe report is not true. The CBN has not devalued the naira. The<span class=\"Apple-converted-space\">\u00a0 <\/span>exchange rate of the naira on the FMDQ website as at yesterday<span class=\"Apple-converted-space\">\u00a0 <\/span>was N464.67 per dollar. The authors of the report may have their own agenda, but the CBN\u2019s plan is that the best approach is to allow for a gradual convergence of all the rates.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters\u2019 (I&#038;E) window.<\/p>\n","protected":false},"author":1,"featured_media":13773,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2456],"tags":[131,5687,7058],"class_list":["post-13772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-cbn","tag-fake-news","tag-naira-devaluation"],"_links":{"self":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13772"}],"collection":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13772"}],"version-history":[{"count":1,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13772\/revisions"}],"predecessor-version":[{"id":13774,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/posts\/13772\/revisions\/13774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=\/wp\/v2\/media\/13773"}],"wp:attachment":[{"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theblogonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}