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Global Trade Alert

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Nigeria: Special conditions on foreign currency flows

Description

The limit of USD 40’000 on the overseas use of Naira denominated credit and debit cards was increased to USD 150’000.

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

26 Sep 2013

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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Affected Sectors

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Affected Products

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