Central Bank of Nigeria
Introduction of the Electronic Foreign Exchange Matching System (EFEMS) in the Interbank Foreign Exchange Market
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- Author
- Central Bank of Nigeria
- Reference No.
- FMD/DIR/PUB/CIR/001/021
- Year
- 2024
- Pages
- 2 pages
The Central Bank of Nigeria announces the introduction of the Electronic Foreign Exchange Matching System for foreign exchange transactions in the Nigerian interbank market, with implementation required by December 1, 2024 and a test run in November. Authorized dealers must conduct transactions through the approved…
