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Global Trade Alert

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Nigeria: Special conditions on foreign currency flows

Description

Importation of foreign currency cash by authorized dealers is subject to prior approval by the CBN. Authorized dealers selling USD to exchange offices are limited to maximum USD 250’000 per week and o...

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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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