2014-10-28 | TED/FEM/FPC/GEN/01/020

Re: Guidelines on the Operations of CBN Interventions in the Interbank Market through the Two-Way Quote System

The Central Bank of Nigeria has issued a circular to authorized dealers, bureaux de change, and the public regarding guidelines for CBN interventions in the interbank market. Effective immediately, funds purchased through CBN interventions must be utilized within two working days at a rate not exceeding 10 kobo above the purchase rate. Non-compliance will result in sanctions.

Nigeria

Central Bank of Nigeria

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