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Nigeria: Restriction on demand for foreign exchange

Description

The Central Bank of Nigeria on 28 July 2009, issued guidelines which restrict foreign exchange demand at the Wholesale Dutch Auction System (WDAS) auctions. The WDAS auction was introduced on the 13 ...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

29 Jul 2009

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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