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CBN Stops Sales Of Forex To Bureax-De-Change / CBN Halts Branch Operations By Bureaux De Change #Emefieleconomics / ANYONE HAVE A BUREAU DE CHANGE (BDC) FOR SALE? (2) (3) (4)

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. by blackmantis: 8:10pm On Jan 11, 2016
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Re: . by NavierStokes(m): 8:13pm On Jan 11, 2016
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: 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: 8:53pm On Jan 11, 2016
Tenison96:



The only thing it will improve is inflation

My brother I am really confused.
Re: . by Bevista: 9:12pm On Jan 11, 2016
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.

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