What Is Going To Be The Status Of Bureau De Change Now - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / What Is Going To Be The Status Of Bureau De Change Now (1135 Views)
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| What Is Going To Be The Status Of Bureau De Change Now by makzeze: 8:30am On Jun 20, 2016 |
what is going to be the status of bureau de change now as the new CBN forex policy kicks off today? cc:lalasticlala |
| Re: What Is Going To Be The Status Of Bureau De Change Now by MissShakara: 8:35am On Jun 20, 2016 |
No body know for sure. It's is the activities of this week that will determine it. But one sure thing is that black market rate is dropping. |
| Re: What Is Going To Be The Status Of Bureau De Change Now by AceKid(m): 9:59am On Jun 20, 2016 |
I reckon most of them would switch to investing their gain in the capital market.. |
| Re: What Is Going To Be The Status Of Bureau De Change Now by OlayinkaFawaz(m): 2:17pm On Jun 20, 2016 |
no one knows |
| Re: What Is Going To Be The Status Of Bureau De Change Now by TheGoodJoe(m): 9:58pm On Jun 20, 2016 |
From Nairametrics. The CBN in its recently released policy details also revealed that the BDC’s will not be able to buy dollars from the interbank marker essentially throwing them under the bus. What this also means is that if you own cash dollars then you have a choice of either depositing it in a bank or selling to Bureaux De Change (BDCs). If you want to buy without filling in all the requirements banks may ask you for such as your passport, then it’s probably the BDC you want to go to. Bureaux De Change is officially a cash and carry market where major transactions can no longer take place. The incentives for banks to round trip and sell to BDCs is effectively removed since the interbank is market driven and more liquid. |
| Re: What Is Going To Be The Status Of Bureau De Change Now by Nobody: 6:33am On Jun 21, 2016 |
Still watching the unfolding events. |
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