2009-02-17 | TED-FEM-FPC-GEN-01-018

Repatriation of Unutilized Retail Dutch Auction System (RDAS) By Authorized Dealers

The Central Bank of Nigeria (CBN) has issued a circular directing authorized dealers to provide specific details when transferring unutilized foreign exchange balances through the Retail Dutch Auction System. These details include the reference number, bank name, and purpose of payment. Failing to comply with these instructions may result in the funds not being processed. This follows the previous circular sent on January 15th, 2009.

Nigeria

Central Bank of Nigeria

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