Why CBN introduced FX matching system – Cardoso

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said at the weekend the apex bank introduced the Electronic Foreign Exchange Matching System (EFEMS) to show that the financial regulator was serious about fair and efficient markets.

Cardoso stated this while addressing members of the Harvard Club of Nigeria in Lagos.

Ripples Nigeria reports that the apex bank introduced the FX matching system on October 3.