Central Bank Of Nigeria limits Bankers' Foreign Exchange Holding
Central Bank Of Nigeria limits Bankers' Foreign Exchange Holding
The Central Bank of Nigeria (CBN) announces restrictions on bankers’ foreign exchange holdings in a bid to stabilize the forex market and foster financial prudence.
Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has introduced a set of guidelines which it hopes will safeguard the financial…
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Thanks. Well spoken. That is in no way a policy, therefore no act of monitoring will yield anything. It's all noise making by the CBN.
You nailed it! 👏