Federal finance and statistics / Central Bank of Nigeria

Further Guidelines on The Operatives Of The Foreign Exchange Market

Keywords: The Monetary Policy Committee (MPC) of the Central Bank of Nigeria met and reviewed the development in the domestic foreign exchange market. It noted the success of themeasures introduced in January, 2009 especially in respect of the re-introduction of the Real Dutch Auction System (RDAS) and the subsequent moderation in the exchange rate. However, in order to strengthen the effectiveness of the RDAS as well as anchor expectations andfurther stabilize the exchange rate, the CBN wishes to communicate the following informationand guidelines for your noting and full compliance: Signed: …