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Central Bank of Nigeria

Nigeria Foreign Exchange (FX) Code Book: Draft Exposure - October 2024

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Author
Central Bank of Nigeria
Reference No.
FMD/DIR/PUB/CIR/001/020
Year
2024
Pages
39 pages

The Nigeria Foreign Exchange Code establishes principles of good practice for banks participating in Nigeria’s wholesale foreign exchange market. It addresses ethics, governance, transaction execution, information sharing, confidentiality, risk management, compliance, confirmation, settlement, payment obligations, and account reconciliation, with the aim of strengthening market integrity,…

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