CBN releases regulatory guidelines for eNaira [ Download ]

Buhari launches enaira 2

Buhari, with CBN Governor Emefiele, launches eNaira

The Central Bank of Nigeria has rolled out the regulatory guidelines for the seamless operation of the eNaira, a digital currency of the physical Naira.

Chibuzo Efobi, director financial policy and regulation department released the 14-page guidelines today and said they become effective from today.

According to Efusobi, the guidelines seek to provide simplicity in the operation of eNaira, encourage general acceptability and use.

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The eNaira, he said, will promote low cost of transactions, drive financial inclusion, while minimising inherent risks of disintermediation or any negative impact on the financial system”.

Read the Guidelines here: eNairaCircularAndGuidelines FINAL

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