EVERY TRADERS MUST READ THIS PDF Manual BABYPIPS PDF ~ asian session forex trading strategy

Learn Forex Trading at the School of Pipsology
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3.6.1 The CBN would issue warrants denominated in dollars monthly without fail to each beneficiary of federally derived dollar revenue according to constitutional provisions with regard to sharing of such revenue.
3.6.2 The beneficiary of the dollar warrant (strictly not cash) (federal, state, local governments, statutory agencies etc) will approach their separate bankers with their dollar warrants for conversion of all or part of the dollar warrant into naira for its corporate budgetary obligations which cannot be paid in dollars (since the dollar is not legal tender in Nigeria).
3.6.3 All buying and selling of currencies will be carried out through a bank or any other such denominated financial institution.
The local bank officer on receipt of the request would seek current rate confirmation from its head office before concluding a deal."

