CBN adopts Dutch auction to tackle growing FX demands

The Central Bank of Nigeria (CBN) says it has concluded plans to undertake a Retail Dutch Auction System (DAS) to mitigate foreign exchange demand for eligible transactions through authorised dealers. The bank, in a recent circular, directed all deposit money banks (DMB) in the country to furnish it with a comprehensive list of outstanding legitimate [...]The post CBN adopts Dutch auction to tackle growing FX demands appeared first on The Guardian Nigeria News - Nigeria and World News.

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