Friday, August 5, 2016

Central Bank Of Nigeria Commence Dollar Sales To Bureau De Change Today

                                 CBN resumes dollar sales to BDCs today

The Central Bank of Nigeria (CBN) will today resume dollar sales to Bureaux De Change (BDCs) seven months after it stopped the practice.

It stopped the sales last January because of what it called dollar scarcity and abuse of operating guidelines.
President,Association of Bureau De Change Operators of Nigeria (ABCON) Aminu Gwadabe   said nearly 3,000 BDCs are expected to access dollar from the CBN today.
“Our members funded their accounts with the CBN on Wednesday and will get the dollar equivalent today. The funds will be sold at the prevailing inter-bank rate,” he said.

No comments:

Post a Comment

Add a comment