CBN Directs Banks To Bid For Chinese Yuan - Business - Nairaland
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| CBN Directs Banks To Bid For Chinese Yuan by maol27(m): 4:36am On Jul 21, 2018 |
The Central Bank of Nigeria on Friday commenced its intervention in the sale of foreign exchange in the Chinese yYuan. This signalled the implementation of the Bilateral Currency Swap Agreement signed by the CBN with the People’s Bank of China on April 27, 2018. The apex bank explained in a statement issued on Friday that the sale of foreign exchange under the agreement would be done through a combination of spot and short-tenor forwards. It added that the exercise was in form of a Special Secondary Market Intervention Sales retail and would be dedicated to the payment of Renminbi denominated Letters of Credit for raw materials, machinery and agriculture. Read more: CBN directs banks to bid for Chinese yuan http://www.sanwomi.com/2018/07/cbn-directs-banks-to-bid-for-chinese.html Lalasticlala Mynd44 Ishilove Marpol Semid4lyfe Obinoscopy Seun |
| Re: CBN Directs Banks To Bid For Chinese Yuan by MANNABBQGRILLS: 4:40am On Jul 21, 2018 |
Good way to go. 1 Like 2 Shares |
| Re: CBN Directs Banks To Bid For Chinese Yuan by bennymark(m): 9:10am On Jul 21, 2018 |
Let them start so we can resume dropshipping, the price margin will be so different Dollar is way too high to go |
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