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. by blackmantis(op):
.
Re: . by NavierStokes(m):
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.
Re: . by blackmantis(op): 8:23pm On Jan 11, 2016
I hope this improves the economy.
Re: . by Nobody: 8:36pm On Jan 11, 2016
It seems the change is here to stay
Re: . by Nobody: 8:50pm On Jan 11, 2016
blackmantis:
I hope this improves the economy.
The only thing it will improve is inflation
Re: . by blackmantis(op): 8:53pm On Jan 11, 2016
Tenison96:
The only thing it will improve is inflation
My brother I am really confused.
Re: . by Bevista:
The CBN has made the right call in the prevailing circumstances. I had consistently maintained that the strict controls will have unintended consequences.
---
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.
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