Regulatory Alerts2014-11-06 | TED/FEM/FPC/GEN/01/022Exclusion of Some Transactions from the RDAS Window
The Central Bank of Nigeria has directed that the importation of certain items, including electronics, finished products, information technology, generators, and telecommunication equipment, will be funded solely through the interbank foreign exchange market. This measure aims to maintain stability in the foreign exchange market and strengthen existing policy initiatives. The bank has instructed authorized dealers and the public to ensure strict compliance with this directive.
CENTRAL BANK OF NIGERIA Corporate Head Office Central Business District P.M.B. 0187, Garki, Abuja, FCT TRADE AND EXCHANGE DEPARTMENT 09 46237804 09 46237802 E-mail address: ted@cbn.gov.ng TED/FEM/FPC/GEN/01/022 November 6, 2014
To: All Authorised Dealers And,
THE GENERAL PUBLIC EXCLUSION OF SOME TRANSACTIONS FROM THE RDAS WINDOW This is to inform all Authorised Dealers and the General Public that in order to maintain the existing stability in the Foreign Exchange market and to further strengthen the various policy measures already initiated by the Central Bank of Nigeria, the importation of the following items shall henceforth be funded from the interbank foreign exchange market only; l.
Electronics Finished Products Information Technology Generators 3.
Telecommunication Equipment Invisible Transactions Please ensure strict compliance.
O. I. GBADAMOSI DIRECTOR TRADE & EXCHANGE DEPARTMENT