2010-06-30 | TED.PFO.FPC.GEN/01.03-Added · Updated
The Central Bank of Nigeria has amended the import cash threshold for withdrawal in domiciliary accounts. The previous provision allowing persons to import foreign currency exceeding US$5,000 has been revised, maintaining the cash withdrawal threshold at US$10,000 as mandated by the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act 17 of 1995. Authorized Dealers are advised to adhere to these updated guidelines for currency transactions.
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