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2012-03-16 | TED.FEM.FPC.GEN.01.007.2012

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Foreign Exchange Cash Sales to Licenced BDCs By the CBN

The Trade and Exchange Department of the Central Bank of Nigeria announces that as of March 18, 2012, the amount of foreign exchange cash to be sold to licensed Bureaux de Change (BDCs) is set at USD75,000 per week per BDC. This supersedes the previous circular dated August 15, 2011. The department expects full compliance with this new policy.

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