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CBN orders banks to apply I&E rates to PAPSS Transactions

Published by Nairametrics on Wed, 13 Oct 2021


The Central Bank of Nigeria, CBN, has ordered banks to apply exchange rates in the Investors and Exporters (I&E) window for outbound payments through the Pan African Payments and Settlement System (PAPSS). The CBN disclosed this in a circular introducing the Guidelines on Operations of PAPSS in Nigeria, signed by the Director, Trade and Exchange []
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