Federal finance and statistics / Central Bank of Nigeria
The Revised Guidelines For The Operational of The Foreign Exchange Market: Wholesale Dutch Auction System
Keywords: This is to inform All Authorised Dealers taht paragraph 3 (b) of the circular Ref: TED/FEM/FPC/GEN/01/110 of July 8, 2009 on the above subject has ben amended as follows: "Authorised Dealers shall submit bids for only one (1) tranch per auction, while the Central Bank of Nigeria reserves the right to reject any bid that is deemed to be unrealistic". This ammendment takes immediate effect. Signed: Batari Musa, Ag. Director, Trade and Excahnge Dept.
