Global Trade Alert
Global Trade Alert

Nigeria: Restriction on demand for foreign exchange

Announcement

28 Jul 2009

In July 2009, the government of Nigeria announced a change in foreign exchange access.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Jul 2009

Revocation date:

No revocation date

Updated: 28 Jul 2009
Controls on commercial transactions and investment instruments In force

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 o...

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