Official: CBN Instructs Banks To Compute Net Open Position Daily, from Monthly
Nairametrics
The Central Bank has reduced the timeline for banks to compute the Net Open Position to daily
Before now banks computed net open positions monthly and forwarded such to the CBN
The new rule now mandates banks to compute daily and forward to the CBN daily
This new rule follows so many policy circulars released by the CBN in the last 3 months as it steps up efforts to save the naira from its steepest fall in years.
