April 22, 2021 / 04:01 PM / By CBN / Header Image
- The Central Bank of Nigeria (CBN) has in recent
times been inundated with complaints from members of the public on the
rejection of old/lower denominations of US Dollar bills by Deposit money banks
(DMBs) and other authorized forex dealers.
- All DMBs/authorized forex dealers should henceforth
accept both Old series and lower denominations of United States Dollars (USD)
that are legal tender for deposit from their customers.
- The CBN will not hesitate to sanction any DMB or
other authorized forex dealers who refuse to accepi old series/lower
denominations Of US Dollar bills from their customers.
- In addition, all authorized forex dealers are
advised to desist from defacing/stamping US Dollar Banknotes as such notes
always fail authentication test during processing/sorting.
Please note for immediate compliance.
- CBN to
Commence Enrolment of All DFIs, MFBs, PMBs and FCs on the CRMS Platform
- CBN Obtains
Freezing Orders on Individuals and Companies from FHC Abuja
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- CBN Extends
Its Regulatory Forbearance for the Restructuring of OFIs Credit Facilities
Publishes H1 2020 Financial Markets Activity Report
- CBN Directs
Banks to Accept MRCTD and Refugee ID Card as Means of Identification for
- FG Appoints
Pre-shipment Inspection and Monitoring Agents for Non-oil Exports
- Co-exist of
Old and New Cheques Will End on March 31st, 2021
Releases Circular on the Issuance of the Framework for the Regulatory
- CBN Issues
Framework for Quick Response Code Payments in Nigeria