CBN Introduces New Scheme To improve Dollar Supply

February 10, 2022
CBN Issues Guideline On How To Avoid Getting Duped By Illegal Financial Operators

The Central Bank of Nigeria (CBN) on Thursday introduced a new scheme to improve dollar supply, known as Bankers’ Committee “RT200 FX Programme”, which stands for the “Race to $200 billion in FX Repatriation.”

Godwin Emefiele, governor of the CBN, announced this at a virtual press conference after the bankers committee meeting.

“The RT200 FX Programme is a set of policies, plans and programmes for non-oil exports that will enable us attain our lofty yet attainable goal of US$200 billion in FX repatriation, exclusively from non-oil exports, over the next 3-5 years,” he said.
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