Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,185,503 members, 7,926,504 topics. Date: Tuesday, 20 August 2024 at 04:12 PM

CBN Bans Sales Of Dollars To Bureau De Change Operators - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / CBN Bans Sales Of Dollars To Bureau De Change Operators (632 Views)

CBN Revises Guidelines For Bureau De Change Operators / EFCC Goes After Bureau De Change Operators In Sabo, Ibadan (video) / Reverend Mbaka Blasts Atiku, Calls Him Bureau De Change (2) (3) (4)

(1) (Go Down)

CBN Bans Sales Of Dollars To Bureau De Change Operators by Islie: 3:06pm On Jul 27, 2021
The Central Bank of Nigeria (CBN) has banned the sale of dollars to Bureau De Change operators (BDCs).

Godwin Emiefele, governor of the bank, announced the ban at a press briefing which held after a meeting of the Monetary Policy Committee of the bank, on Tuesday.

He said the N5. 7 billion allocated to BDCs had become unsustainable as $20,000 is allocated to over 5500 BDCs, amounting to $110million per week.

Emiefele said BDC operators have become a conduit for illegal financial flows.

He also said the CBN will no longer continue registration of new BDCs and current allocation will be channeled to commercial banks.

All commercial bank branches will create a separate desk for sales of forex.

https://dailytrust.com/breaking-cbn-bans-sales-of-dollars-to-bureau-de-change-operators

1 Like

Re: CBN Bans Sales Of Dollars To Bureau De Change Operators by FanOfMyself: 3:08pm On Jul 27, 2021
Islie:




The Central Bank of Nigeria (CBN) has banned the sale of dollars to Bureau De Change operators. Godwin Emiefele, governor of the bank, announced...





Details later…


https://dailytrust.com/breaking-cbn-bans-sales-of-dollars-to-bureau-de-change-operators


Lalasticlala


This means that dollar will appreciate more in the black market. Hmmm

1 Like 1 Share

Re: CBN Bans Sales Of Dollars To Bureau De Change Operators by lawalosky(m): 3:14pm On Jul 27, 2021
This operator are contributing immensely in devaluation of our naira.
.
.
Everyday you see them sitting in Sheraton hotel road with baban riga uselessing our naira.
Re: CBN Bans Sales Of Dollars To Bureau De Change Operators by Mynd44: 3:18pm On Jul 27, 2021
https://www.nairaland.com/6671810/busted-out-fear-buhari-shuns

(1)

Is The Name 'abba Kyari' Cursed? / Lagos State Government Evacuates Indigenous Students From Jos / Governor Ortom Hits Hard On The Buhari's Administration Again (video)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 10
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.