InfoisInfo South Africa

Sa-ncc
Business Advertising in Johannesburg

www.sa-ncc.co.za
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Remember you found this company at Infoisinfo +27 79 248 991?

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. Johannesburg. Gauteng. 2122
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What you should know about Sa-ncc

Hotel in Johannesburg, Bank in Johannesburg, NGO in Johannesburg, Banking in Johannesburg

SA-NCC :: Established to promote business and information exchange, fearlessly, honestly, and with authority.

At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production. This guarantees that every note issued meets the required standard. The CBN maintains an office called Mint Inspectorate in the premises of the NSPM Plc to maintain security and quality of Naira notes and coins. Development financing is one of the requirements for sustainable economic growth in any economy. The supply of finance to various sectors of the economy will promote the growth of the economy in a holistic manner and this, will make development, welfare improvement to proceed at a faster rate. The Central Bank of Nigeria development finance initiatives involve the formulation and implementation of various policies, innovation of appropriate products and creation of enabling environment for financial institutions to deliver services in an effective, efficient and sustainable manner. A survey conducted in Nigeria in 2008 by a development finance organization, the Enhancing Financial Innovation and Access revealed that about 53.0% of adults were excluded from financial services. The Nigerian Payments System witnessed remarkable achievements in the recent past, with the introduction of a number of initiatives under the Payments System Vision Implementation of Bank Verification Number (BVN) Scheme to address issues associated with the absence of unique identifier of bank customers across the industry. Issuance of revised Guidelines for card issuance and usage in Nigeria. Unification of exchange rates between the Official and Inter-bank Markets and resolution of the multiple currency problems. Facilitation of greater market determination of exchange rates for the Naira vis-a-vis other currencies. Convergence of official and inter-bank rates, thus unifying the two. Sale of Foreign Exchange to Bureaux-de-Change operators in an effort to increase access of foreign exchange to small end-users, bridge the supply gap and develop the local Bureaux-de-Change (BDCs); maintain external reserves to safeguard the international value of the legal tender currency. Consequently, the Bank is charged with the responsibility of administering the Banks and Other Financial Institutions (BOFI) Act (1991) as amended, with the sole aim of ensuring high standards of banking practice and financial stability through its surveillance activities, as well as the promotion of an efficient payment system. In addition to its core functions, CBN has over the years performed some major developmental functions, focussed on all the key sectors of the Nigerian economy (financial, agricultural and industrial sectors). Official visiting days are Tuesdays and Thursdays by appointment only.
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