Cbn Resumes The Sales Of Dollar To Bureaux De Change.

Discussion in 'Business news' started by kelechi, Jun 29, 2016.

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  1. kelechi

    kelechi Administrator

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    forex Naira-depreciation.
    The Central Bank of Nigeria, CBN, is set to resume dollar sales to Bureaux de Change, BDCs, in a bid to arrest the continued depreciation of the Naira in the parallel foreign exchange market as well as reduce opportunity for round-tripping.

    it was revealed that the CBN, yesterday, held a meeting with the leadership of Association of Bureau de Change Operators of Nigeria, ABCON, the umbrella body of BDCs in the country. It was gathered that the CBN informed ABCON leaders that it would soon resume dollar sales to them.

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