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More stories by Paul Wallace. Under Section 83) of the Act, a blanketamnesty” has been sneaked into the Act permitting foreign exchange to be remitted into the country up to US 1.
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In view of the CBN s willingness, capability, and determination to meet FX demand in the market, and in order to further increase foreign exchange availability to all end users and ensure that a fair and verifiable exchange rate operates in the market. The Global FX division of the GFMA promotes efficiency and international convergence of regulation in the global FX market, the world s largest financial market.
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