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CBN gives update on foreign exchange market, lifts restriction

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June 19, 2023
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CBN gives update on foreign exchange market, lifts restriction

By Ogaga Ariemu

The Central Bank of Nigeria, CBN, has announced further policy changes.

According to the Director of Corporate Communications, Dr Isa AbdulMumin, the policy changes are aimed at promoting transparency, liquidity and price discovery in the FX market.

AbdulMumin said this is to improve FX supply, discourage speculation, enhance customer confidence and ensure overall stability in the FX market.

 

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