Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,134,292 members, 7,747,029 topics. Date: Saturday, 24 February 2024 at 04:04 PM

CBN Will Introduce New FX Laws And Guidelines To Tackle Naira Depreciation - Celebrities - Nairaland

Nairaland Forum / Entertainment / Celebrities / CBN Will Introduce New FX Laws And Guidelines To Tackle Naira Depreciation (152 Views)

Ruth Ujah Urges IGP To Restore Peace & To Tackle Hoodlums' Attacks / Jaruma: Chioma Davido Is Lucky, Mother-in-laws Are The Cause Of Divorce / Did Davido Flout NYSC Bye-Laws By Leaving Camp For Boston Tour?- Sahara Reporter (2) (3) (4)

(1) (Reply)

CBN Will Introduce New FX Laws And Guidelines To Tackle Naira Depreciation by adahmiracle: 7:55am On Nov 25, 2023
Governor of Central Bank of Nigeria, CBN, Mr Yemi Cardoso has stated that the apex bank will soon introduce a new set of foreign exchange laws and guidelines to tackle Naira depreciation and achieve exchange rate stability.

Cardoso who made the announcement while giving a keynote speech at the 2023 Annual Bankers Dinner of the Chartered Institute of Bankers of Nigeria (CIBN), on Friday November 24, said they will also conduct a new recapitalisation exercise for the banking industry, by directing banks to increase their minimum capital base to a level sufficient to support the vision of a $1trillion economy.

He said; 

“Our monetary policies will aim to achieve price stability, foster sustainable economic growth, stabilize the exchange rate of the naira, and reduce interest rates to facilitate borrowing and investments in the real sector. In order to ensure the proper functioning of domestic and foreign currency markets, clear, transparent, and harmonized rules governing market operations are  essential. “New foreign exchange guidelines and legislation will be developed, and extensive consult...[Full Sohttps://globalinfo247.com/cbn-will-introduce-new-fx-laws-and-guidelines-to-tackle-naira-depreciation-cardoso/urce/Images]

(1) (Reply)

Special Report; The Crazy Vanity Of The New Rich / Diddy Combs Resigns As Chairman Of Revolt TV Amidst Legal Troubles / "I'll Design Your Celebrity Booking Site.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.