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Central Bank of Nigeria may announce new foreign-exchange policy this week, Bloomberg quoted a source who attended meeting between Governor Godwin Emefiele and bankers in Abuja on Thursday.
CBN will probably move to a dual exchange-rate system and make announcement via a circular to banks, said the person, who asked not to be identified as the talks were private.
The source also said the Apex Bank is considering introducing a trading band around a new, weaker interbank rate
“Regulator may introduce a minimum holding period for foreigners buying naira bonds”, source said.
CBN will probably move to a dual exchange-rate system and make announcement via a circular to banks, said the person, who asked not to be identified as the talks were private.
The source also said the Apex Bank is considering introducing a trading band around a new, weaker interbank rate
“Regulator may introduce a minimum holding period for foreigners buying naira bonds”, source said.
