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Nairaland Forum / Nairaland / General / Business / CBN Fixs Upper Limit For Dollar Sales At N360 (549 Views)
Legit Way To Withdraw Your Paypal Fund Into Your Naija Account At N360/$ / CBN To Increase Dollar Sales To BDC Operators / Naira Appreciates As Demand For Dollar Gets Low (2) (3) (4)
CBN Fixs Upper Limit For Dollar Sales At N360 by sharpden: 11:06am On Mar 27, 2017 |
THE Central bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to their customers at not more than N360 to the dollar. The spokesperson of the CBN, Isaac Okarafor, said all customers requesting forex for their basic transport allowance and personal transport allowance, tuition and medical fees, would henceforth get at an exchange rate not more than N360 to the dollar. “The CBN will sell to commercial banks at N357 per dollar,” Mr. Okorafor said, adding that “Banks are to post the new rates in their banking halls of their branches immediately.” He said CBN would send examiners to banks to ensure the new rates are implemented, warning that banks are prohibited from selling forex meant for invisibles to bureau the change.. Last week, inter-bank market transactions ended on a high, with Naira closing at about N375 to the dollar on Wednesday. Traders were optimistic that the national currency value could rise to about N350 against the dollar. http://www.socialtimesng.net/2017/03/cbn-fixs-upper-limit-for-dollar-sales-at-n360/ Lalasticlala |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by ASAbraham(m): 11:08am On Mar 27, 2017 |
nice development!!! |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by kolnel: 11:09am On Mar 27, 2017 |
This sustenance of this policy is what matters most I hope the economy will rebound back |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by hisgrace090: 11:18am On Mar 27, 2017 |
Though it takes time but we will soon smile againe. |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by eluquenson(m): 11:51am On Mar 27, 2017 |
That's a good decision as envisaged, CBN needs to reduce further 2 Likes |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by Benjom(m): 12:23pm On Mar 27, 2017 |
Choi... Dollar is in trouble. Nkem, won't you sell the ones you're hoarding before Goliathic Dollar totally succumb to Davidistic Naira? . 1 Like |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by 989900: 12:35pm On Mar 27, 2017 |
Rates are converging. |
Re: CBN Fixs Upper Limit For Dollar Sales At N360 by Nobody: 2:34pm On Mar 27, 2017 |
if you are a dollar hoarder.... now is the time to cut your losses and sell off your dollars before it reduces further. |
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