CBN Issues New Directives On Foreign Currency Payment Naira Firms Against Dollar - Business - Nairaland
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| CBN Issues New Directives On Foreign Currency Payment Naira Firms Against Dollar by Investogist: 1:38pm On Dec 02, 2020 |
Naira’s value continues to rise against the U.S dollar on Thursday at the parallel market as the exchange rate falls to N470/$1, as the Central Bank of Nigeria (CBN) issues new directive on International Money Transfer Operators (IMTOs) on foreign currency payment in cash to beneficiaries of diaspora remittances. This is a N20 appreciation from N490/$1 it exchanged on Tuesday and a N30 rise compared to the rate the of N500/$1 on Monday. Read full article at https://investogist.com/just-in-cbn-issues-new-directives-on-foreign-currency-payment-naira-firms-against-the-dollar/ |
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