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The Central Bank of Nigeria has resumed providing foreign exchange to commercial banks to sell to small and medium-sized enterprises for important imports needed to restart the economy. It will also sell over $100 million per week to parents for school fees. The Central Bank is making arrangements to sell foreign exchange to bureaux de change for personal travel and business trips when international flights resume. It will closely monitor the currency markets for illegal activity and speculators.

Author

Peter Uhule

Language

EN