2017-07-03 | BPS/FPO/DIR/GEN/CIR/01/099

Unutilized FX Returned To The CBN For The SMIS Wholesale and Retail Interventions

The Central Bank of Nigeria has issued a circular to all authorized dealers, directing them to batch and forward unutilized foreign exchange (FX) returned to the CBN per session/auction on a weekly basis for settlement. This directive also applies to inflows from International Money Transfer Operators (IMTOs). The measure aims to address delays in DMBs receiving naira value for unutilized FX repatriated to the CBN.

Nigeria

Central Bank of Nigeria

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