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Central Bank of Nigeria

Review of Weekly Foreign Exchange Cash Sales to Bureau De Change (BDC) Operators

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Author
Central Bank of Nigeria
Reference No.
TED/FEM/FPC/GEN/01/003
Year
2015
Pages
2 pages

The Central Bank of Nigeria increased weekly foreign exchange cash sales to each bureau de change operator from $15,000 to $30,000 effective January 28, 2015. It required sales to occur at the prevailing interbank rate, capped bureau de change customer pricing at 3.5% above the…

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