The economy's net foreign exchange inflow drops by 54% to $7.29 billion

The decrease in net foreign exchange inflow over the period showed a 54% YoY decline year over year.The first half of 2023 saw a deficiency of foreign exchange (FX) influx into Nigeria's economy, with net FX inflow falling from $15.86 billion in the first half of 2022 to $7.29 billion in the same time in 2023.The decrease in net foreign exchange inflow over the period showed a 54% YoY decline year over year.Additional information from the Central Bank of Nigeria's (CBN) June 2023 Statistical Bulletin showed that the amount of foreign exchange input into the economy fell by 55% year over year, from $37.88 billion in H1'22 to $17.17 billion in H1'23.