CBN introduces new scheme to improve dollar supply
The Central Bank of Nigeria (CBN) on Thursday announced 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.
Read also: Crypto ownership in Nigeria drops as CBN restriction takes toll
“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.
