Why we issued new guidelines for foreign currency deposits — CBN

Tribune OnlineWhy we issued new guidelines for foreign currency deposits — CBNThe Central Bank of Nigeria (CBN) has explained the reason for the new guidelines for depositing foreign currency in commercial banks. The CBN stated that DMBs may deposit their excess foreign currency at these locations to enhance the foreign exchange market and boost liquidity. This move aims to align exchange rates between the parallel and [...]Why we issued new guidelines for foreign currency deposits — CBNTribune Online

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