Naira Depreciation: CBN Resumes Dollar Sales to BDCs – Vanguard

Lagos — THE Central Bank of Nigeria, CBN, is set to resume dollar sales to Bureaux de Change, BDCs, in a bid to arrest the continued depreciation of the Naira in the parallel foreign exchange market as well as reduce opportunity for round-tripping.


Vanguard investigations revealed that the CBN, yesterday, held a meeting with the leadership of Association of Bureau de Change Operators of Nigeria, ABCON, the umbrella body of BDCs in the country. It was gathered that the CBN informed ABCON leaders that it would soon resume dollar sales to them. ABCON President, Alhaji Aminu Gwadabe, who confirmed this to Vanguard, said: “We just held a meeting with the CBN and they informed us that they would soon resume dollar sales to BDCs.” He said the apex bank also promised to create additional windows for BDCs to access foreign exchange but that details and criteria would be announced later. He said: “We also assured them that we would ensure that BDCs abide by the criteria as well as comply with all regulatory requirement to justify the renewed confidence in
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Hope this fix the problem.
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confusion everyday

Hmm, I thought they wanted to scrap out BDC

These people are just gambling with the economy. They don't know what they really want.

Lordtrillion:
Hmm, I thought they wanted to scrap out BDC

CBN didn't sell to BDC for a while but was never stopped

frisky2good:
These people are just gambling with the economy. They don't know what they really want.

Naso we c am

fp

Useless people.... hardship everywhere

Nver sell

Codedzng:
Useless people.... hardship everywhere

God pas dem

Naira Stabilises Against Dollar – The Eagle Online

http://www.nairausd.com/?m=1