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Showing posts with label flexible foreign exchange market policy. Show all posts
Showing posts with label flexible foreign exchange market policy. Show all posts

Wednesday, 15 June 2016

CBN Releases Highlights Of Flexible Foreign Exchange Policy

The Central Bank of Nigeria (CBN) has released the highlights of the much awaited flexible foreign exchange market policy.

The highlights, which are key notes and agreements reached by the CBN, were released on Wednesday, weeks after the Monetary Policy Committee meeting announced the introduction of the policy.

After its meeting of May 24, the CBN said the policy would allow the bank retain a small portion of foreign exchange for critical transactions.