{"id":11796,"date":"2017-03-27T14:06:20","date_gmt":"2017-03-27T13:06:20","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11796"},"modified":"2017-03-27T14:06:20","modified_gmt":"2017-03-27T13:06:20","slug":"cbn-introduces-new-fx-rates","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cbn-introduces-new-fx-rates\/","title":{"rendered":"CBN introduces new FX rates"},"content":{"rendered":"

The Central Bank of Nigeria on Monday introduced new Forex rates and would no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances.<\/span><\/p>\n

The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country.<\/span><\/p>\n

\u201cThe CBN [is] to sell forex to banks at N357\/$1, while banks will sell to their customers at N360\/$1 for invisibles (BTA, medicals, fees, etc),\u201d the apex bank said on Monday.<\/span><\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cCBN directs banks to post new rates in the banking halls of their branches immediately. CBN examiners to visit banks to ensure the new rates are implemented.<\/span><\/p>\n

\u201cCBN prohibits banks from selling forex funds meant for invisibles to BDCs\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria on Monday introduced new Forex rates and would no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances. The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country. \u201cThe CBN [is] to …<\/p>\n","protected":false},"author":11,"featured_media":10229,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[36],"coauthors":[2392,2393],"class_list":["post-11796","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-cbn"],"yoast_head":"\nCBN introduces new FX rates - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/cbn-introduces-new-fx-rates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN introduces new FX rates - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria on Monday introduced new Forex rates and would no longer trade the naira at N375 per dollar for invisibles, such as school fees, medical bills and travel allowances. 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