The Central Bank of Nigeria on Wednesday said it was not possible for any importer to bring in substandard products into the country under the currency swap agreement recently signed with the People’s Bank of China.

The apex bank said adequate measures had been put in place with all the regulatory agencies to check abuse of the terms of contract reached under the currency swap deal.

The CBN Governor, Mr Godwin Emefiele, said these in Abuja at a currency swap forum for importers in the North Central zone.

The forum brought together stakeholders in the trade sector, who are mostly importers and exporters, to sensitise them to the conditions and benefits of trading under the new Reminbi-denominated window.


Read more:
Currency swap deal’ll prevent substandard products importation — CBN http://www.sanwomi.com/2018/08/currency-swap-dealll-prevent.html


Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy
Seun

What is still withholding the China currency till date?

When will it go into circulation?