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Nigeria Acts to Stabilize Currency with Forex Auction

Bitcoin.com

Bitcoin News / Bitcoin.com 132 Views

The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the local currency. The CBN has called on authorized dealer banks to share their respective lists of outstanding forex demand by end users. Auction System Aims to Mitigate Impact of Dollar Shortage on Exchange […]
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