goody234:
They are buying it cheap from CBN ,then instead of settling their customers international transactions ...they are selling to their friends for profit these bankers should be lined up and shot !! for sabotaging our country very corrupt ppl

post=119546286:
Guaranty Trust Bank has announced that its naira cards will no longer be used for international transactions starting December 31, Reports.

This means customers using the GTBank mastercard can no longer use their naira debit cards to pay for transactions originated in foreign currency.

Nigerian Banks had in March reduced their monthly international spending limit on naira cards citing “current market realities on foreign exchange.”

The banks gradually reduced their monthly international spending limit on naira cards from $100/$120 to $50/$20.

In September, several banks suspended international transactions on naira cards. GTB announced its decision on Thursday.

Read Their Statement On The Email Inbox As Obtained By Below:

“Dear Customer, we write to inform you that you will no longer be able to use your Naira Mastercard for international online and POS transactions effective 31st December 2022. Kindly note that you can use your GTBank dollar card for all your international spending requirements,” the bank said in an emailed memo.

“According to the bank, the dollar card allows ATM Withdrawal of $1,000 daily or the equivalent in the transaction’s local currency. It added that with the dollar card, there is no limit to international PoS or online transactions. There will also be no annual spending limit,” it said.

Nigeria has suffered an importation-fuelled foreign exchange crisis for years, but the scarcity worsened in 2021 with its export proceeds declining amid increaed supply for foreign exchange. The dollar exchanges for naira at about 440 a dollar at the official market and N740 a dollar at the parallel market.

As of December 28, Nigeria’s foreign reserve fell to $37billion, compared to $37.1 billion recorded as of November 28.

Source: BLOG

billagreen:



Its actually available but u must first have a dom acct with them after which it would be processed.

iLoveYouToo:
Please who else is experiencing issues receiving transfers to their Zenith account, I’m beyond livid

ojotobiloba1:
Chaiii

What Wil i be using to pay on Aliexpress

crafteck:


How much is chippercash rate

adubam:


6 days is even better. Zenith bank send me alert of over 4 months with a huge credit balance. Na so I was happy not knowing that it was a past transactions made and money don finish for long.

BloomingDale:
ENaira swallowed my #150,000 transfer. I’ve called them numerous times. They’ve not yet refunded. Said their system is down. A whole CBN.

IjeBos:


Not sure about the end of your logic. If the supply of dollars comes from the same place and people are forced to buy at the BM rate instead of the lower rates from their cards, less people will probably buy dollars. If less people buy dollars, there will be downward pressure on the exchange rate.

The policy sux, but maybe the most equitable solution. People who have the ability to do international transactions shouldn't be able to get those dollars when others can't at that rate.

CheapHomes1:


Even the so called dollar master card isn't available in any gtbank office

SirJerrie:

As of last week, I was charged around N770-N790
per Dollar( or thereabout)

Blakjewelry:

So na the small 20 dollar a month wey only few people dey na em be the problem, weda una brain dey blank I no know.

dazzlingd:


That’s another point though.

But most people that buy dollars buy it because they really need it for online purchases. People don’t just buy dollars for fun. So most of those people will be forced to go to black market increasing the demand for dollars

franugo:


Gtb dollar prepaid card is available in all branches and can be given to you instantly upon request. Normal usd ATM cards are requested from HQ and usually takes about 7 working days to get to branch.

eteebanky1:


You're a fool and na your brain dy blank

Multiply that $20 by million of nigerians taking advantage of the limit per month

This my countrymen, na to dy import!!! Upanda Una sabi......produce, Una no fit

eteebanky1:


You're a fool and na your brain dy blank

Multiply that $20 by million of nigerians taking advantage of the limit per month

This my countrymen, na to dy import!!! Upanda Una sabi......produce, Una no fit

yahoodetector:


So you are among those who had faith in the "scam eNaira"

Your eye don finally clear!

CheapHomes1:


Gtbank dollar mastercard is not available in all gtbank branches. Abi na you supply gtbank the card?

Roboto11:
You want to demand the dollar using your Naira account and at the same time complain about how the Naira is depreciating.

Fragility6:

Which kind animal mentality be this? How u wan take make transactions for international online stores? Sick people too full this country i swear

Roboto11:


Simple question:

Who should be propping up your Naira for you?

Fragility6:

Simple question :
How u wan take order things for online store?