.

The Bank would now permit commercial banks in the
country begin accepting cash deposits of foreign
exchange from their customers.

Accepting deposits from customers? sounds good.

I hope this improves the economy.

It seems the change is here to stay

blackmantis:
I hope this improves the economy.

The only thing it will improve is inflation

Tenison96:



The only thing it will improve is inflation

My brother I am really confused.

The CBN has made the right call in the prevailing circumstances. I had consistently maintained that the strict controls will have unintended consequences.
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This move will give the CBN some breathing space and dampen calls for devaluation. This will lead to some inflation, but it's a price that has to be paid to prevent a full blown economic crisis.