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Nairaland Forum / Nairaland / General / Politics / Breaking: CBN Implements Stringent Measures On Banks’ Foreign Currency Exposures (302 Views)
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Breaking: CBN Implements Stringent Measures On Banks’ Foreign Currency Exposures by Mateco556: 2:44pm On Jan 31 |
The Central Bank of Nigeria (CBN) has recently issued a crucial circular to all banks, outlining stringent measures to regulate and harmonize reporting requirements on foreign currency exposures. This move comes in response to the notable growth in foreign currency exposures of banks through their Net Open Position (NOP), raising concerns about potential risks to the financial sector. Key Prudential Requirements: 1. Net Open Position (NOP) Limit: The circular mandates that the overall foreign currency assets and liabilities, considering both on and off-balance sheet items, should not exceed 20% short or 0% long of...... https://ratecaptain.com/breaking-cbn-implements-stringent-measures-on-banks-foreign-currency-exposures/ |
Re: Breaking: CBN Implements Stringent Measures On Banks’ Foreign Currency Exposures by KelGraphicz(m): 2:58pm On Jan 31 |
Untill $1=000.1 naira all of you are joking 😆 1 Like |
Re: Breaking: CBN Implements Stringent Measures On Banks’ Foreign Currency Exposures by eliyke(m): 3:07pm On Jan 31 |
Dem dis ones dey confused |
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