₦airaland Forum

Due to current volatility in foreign exchange market, please be informed that international transactions on your naira denominated debit card will be temporarily disabled effective OCTOBER 13, 2016. As an alternative , every nigerian abroad is adviced to get a foreign currency debit card available in USD, GBP and EURO.
students are largely affected due to the clamp down on banks.

you may not be right. Have you tried GtBank cards?

Not a Fan of Emelefe, but the CBN did what they had to do to save the Naira. Those banks have made billions from Dollar Racketeering.

Banks were getting Western Union Dollar at official Rate and then Resold it to their customers at Black Market Rate contrary to what they were instructed by the CBN. This action starved the BDCs of the much needed liquidity they needed. Nigerian Banks are the chief culprits in all this devaluation mess. Now the CBN has decided to reach out to BDCs via Travelex.

Banks are now Required to Remit all those Dollar Inflows to the CBN so it can be channeled properly to the BDCs via Travelex. That is why they have no dollars to give Card Holders anymore.

Those that are wise should begin to offload their Dollars now. I see the Dollar falling to 320-360 within the next 2 weeks if new policy is well implemented.

OK

iykepromotions:
you may not be right. Have you tried GtBank cards?

yes I reside at ghana and have a friend at USA gtbank stopped working months ago

Emiefele the trial and error CBN governor!! Tiri gbosa for you!

I tried my Ecobank card today at on Ecobank ATM at Abidjan it .........

TRANSACTION DECLINED . CONTACT YOUR BRANCH ! ....

Does it mean that Nigerian cards linked to Nigerian domiciled PayPal are no longer usable?
I tried making a payment with my Nigerian Paypal yesterday and the transaction was declined and Paypal error message was to the effect that my linked card was not accepted and for me to continue I must add another card