2010-06-30 | TED.PFO.FPC.GEN/01.03-

Re: Monetary, Credit, Foreign Trade and Exchange Policy Guidelines for Fiscal Year 2010/2011

The Central Bank of Nigeria has amended the import cash threshold for withdrawal in domiciliary accounts. The previous provision allowing persons to import foreign currency exceeding US$5,000 has been revised, maintaining the cash withdrawal threshold at US$10,000 as mandated by the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act 17 of 1995. Authorized Dealers are advised to adhere to these updated guidelines for currency transactions.

Nigeria

Central Bank of Nigeria

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