Regulatory Alerts2023-07-12 | TED/PFO/CON/INT/007/032Payout Option in Naira for Receipt of Proceeds of Diaspora Remittances
The Central Bank of Nigeria announces that recipients of diaspora remittances through approved International Money Transfer Operators will now have the option to receive their funds in Naira, in addition to USD and eNaira. This regulation is effective immediately and requires International Money Transfer Operators to use the Investor's and Exporter's Window rate as the anchor rate on the day of the transaction.
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