The Central Bank of Nigeria (CBN) has issued fresh guidelines to Deposit Money Banks (DMBs) on the deposit of foreign currency notes with the apex bank.
The Central Bank of Nigeria has issued fresh guidelines to Deposit Money Banks on the deposit of foreign currency notes with the apex bank.
The CBN said that smaller denominations of $ 20 notes and belows would be at a maximum of $1 million daily.According to the circular, each denominations would be in separate boxes and two representatives of a DMB wanting to make.deposits must be present to witness the counting and confirm the amount.
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