Breaking: CBN resumes sale of Foreign Exchange to BDCs

Breaking: CBN resumes sale of Foreign Exchange to BDCs

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The Central Bank of Nigeria (CBN) has announced resumption for sale of foreign exchange to eligible bureau de change operators.

This move according to the Apex bank is a strategic step to increase liquidity and strengthen the naira against dishonest manipulators.

CBN Circular to BDCs and the Public 

In the latest decision, the CBN will provide the dollar at rate of $1,301 to BDC operators while BDC operators will sell not more than 1%


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