IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 Sep 2013 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

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 office. Recipients of international money transfers, such as through Western Union, ought to be paid in Naira only.

AFFECTED COUNTRIES

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