2016-01-11 | TED/FEM/FPC/GEN/01/001

Developments in the Foreign Exchange Market, Re: Cash Deposit into Domiciliary Accounts

The Bank of Nigeria informs authorized dealers and the public that holders of ordinary domiciliary accounts can now deposit foreign currency cash into their accounts. This measure aims to stabilize the foreign exchange market, and authorized dealers must perform KYC checks to prevent money laundering and other illicit activities.

Nigeria

Central Bank of Nigeria

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