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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
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 by December 1, 2024, following a November test run. Authorised Dealers must conduct interbank foreign exchange transactions through the CBN-approved system,…

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