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FX Structure |FX Mgt Before Now. | FX
Mkt
| Debt
Conversion | Exch. Rate
Policy
Movement in Reserves |
International Payments
| Reserve Management
Assets and Liabilities
to be provided by Fiance DepartmentWe have witnessed a remarkable improvement in the exchange rate of Naira over other exchangeable foreign currencies of the world. Since 1986 following the introduction of Structural Adjustment Programme (SAP) to date, the exchange rate has moved from regulated, guided deregulation and deregulation. This is because the world has globalised where best practices are being adhered to.
See Frequently Asked Questions in this purview
| Facts : 1/7/1959 |
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| Evolution of Departments:At inception, the organisational structure of the CBN was understandably simple consisting of two departments, namely, the General Manager's and the Secretary's Departments, with the appropriate division of labour as then percieved. The General Manager's Department was responsible for all the Department banking, currency issues, debt management and other operational functions of the bank while the Secretary's Department handled the administrative and staff matters, carried out some research into the economic and financial conditions, and collected and analysed relevant statistics for policy formulation. |
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