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Nairaland Forum / Nairaland / General / Business / CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad (27662 Views)
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CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Abatsam111(m): 7:34am On Dec 28, 2015 |
The Central Bank of Nigeria has said the decision of Deposit Money Banks to place a restriction on the use of Automated Teller Machine cards abroad by bank customers is due to scarcity of foreign exchange. Source: https://www.today.ng/business/57950/cbn-insists-it-wont-reverse-restriction-on-naira-atm-card-abroad?utm_source=&utm_medium=twitter Cc: Lalasticalala 3 Likes 1 Share |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by mccoy47(m): 7:37am On Dec 28, 2015 |
A Government that listens. #EmefieleEconomics *MODIFIED* OMG!! FTC 6 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Gbengard(m): 7:37am On Dec 28, 2015 |
Na wa oooooooooo...... |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by brunofarad(m): 7:41am On Dec 28, 2015 |
So what's the wisdom behind this 19 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by ojun50(m): 7:42am On Dec 28, 2015 |
If he like he should even close all banks self, Nigeria are survives 11 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Vision4God: 7:49am On Dec 28, 2015 |
Allll izzzzzz weeeelllllll |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by pendusky(m): 8:05am On Dec 28, 2015 |
Its quite unfortunate that 2016 will be difficult year for Nigerians in diaspora, we are waiting for =N=1 equall 1$ promises Buhari promised Nigerians, 1 US dollar = 199.0500 Nigerian nairas I am still buying Fuel at 130 a liter, From the OP post "Tule said the restriction of the usage of ATM cards might continue until the country could increase its foreign exchange earnings." When? Till 2019 I shake my head! This is real Change! Those who were canvassing for Change, The Change has come! Let's embrace it! lets endure it! The change is here to stay! 25 Likes 1 Share |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Nobody: 8:06am On Dec 28, 2015 |
cool 1 Like 1 Share |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by dunkem21(m): 8:07am On Dec 28, 2015 |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by dridowu: 8:16am On Dec 28, 2015 |
when two elephants fight , it is the grass that get trampled. Ti elese ba ji ya, olododo ma ba pi ni inu re. 2 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by TonyeBarcanista(m): 8:16am On Dec 28, 2015 |
This will be tough for diasporans 2 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by captain247: 8:16am On Dec 28, 2015 |
Give my $$ cash -No make I use my card - No To keep d money for bank don turn another problem o. 18 Likes 1 Share |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Bevista: 8:18am On Dec 28, 2015 |
He said: “The limitation on the use of debit or credit cards outside the country was not a limitation that was placed by the CBN.That explanation is plain ridiculous. How can the CBN blame the banks, when they (CBN) are the ones that stopped banks from receiving dollar cash lodgements into domicilary accounts. Where did they expect banks to get FX to meet their international payment obligations, especially with the meagre Dollar sells to BDCs. --- For the records, I fully understand the constraint the CBN is facing from low FX inflow into the Foreign Reserves due to low oil prices, however, the restrictions imposed by the Central Bank are extreme. With a daily limit ranging from $100 to $1000, How do I make a payment of $1500 for my professional exams? Or am I not supposed to write such exams again because the government is on a fvcking mission? --- I believe the current CBN Governor is a weak link in this administration, as he may not providing the president with the right monetary policy options/advice. While there are obvious benefits from the CBN policy, I strongly believe that the NET result of the policy on the economy will be negative. 44 Likes 5 Shares |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Nobody: 8:19am On Dec 28, 2015 |
This is the height of stupidity from this inept government, the CBN will now sell directly to companies instead of BDCs and banks. Which kind of crazy monitoring is this? 11 Likes 2 Shares |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by PassingShot(m): 8:22am On Dec 28, 2015 |
Unfortunately this is where GEJ and his cohorts brought us. If you like, call it blaming or whatever, it is the dollarized foreign reserves that determine the pressure on naira. And it is the same reserve that Jonathan dipped his hands and that of his comrades' to loot like there was no tomorrow. Now that the "tomorrow" is upon us, we're excusing them instead of calling for their head. Una never see anything! 70 Likes 4 Shares |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by dunkem21(m): 8:24am On Dec 28, 2015 |
TonyeBarcanista: They already know and that's why they campaigned for change .. Remember, good things don't come easy .. Maybe, they will all have to come back because Nigeria is now better than Dubai with constant 23 hrs/day power supply .. and the price of fuel to be reduced in January .. 11 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by dunkem21(m): 8:29am On Dec 28, 2015 |
PassingShot: For once, you sound incoherent .. Who be *una* here .. Diasporans, PDP, Nigerians, CBN or the govt .. 22 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by TonyeBarcanista(m): 8:37am On Dec 28, 2015 |
dunkem21:The issue is complicated to be honest with you. |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Demdem2: 8:42am On Dec 28, 2015 |
This is the pain will need to endure simply because during the days of plenty, Jonah-daft in his cursed state refused to save and build up our reserves. Instead, the fool was busy sharing money indiscriminately till there was nothing to share again. Even Obj that never had so much income like Jonah-daft saved, what is the drunkards excuse? This policy is also affecting me but for the collective good, it's the right decision. Thunder fire Jonah-daft and Ngozi the witch wherever they are now. Never again will we have fools like them govern us again. 40 Likes 1 Share |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Rolings: 8:47am On Dec 28, 2015 |
Senator Ben Murray Bruce there is the answer to your rants 4 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by PassingShot(m): 8:49am On Dec 28, 2015 |
dunkem21:If it's only "for once", I deserve to be pardoned. Next? 8 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by greatiyk4u(m): 8:51am On Dec 28, 2015 |
We dey look |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Rolings: 8:51am On Dec 28, 2015 |
Bevista: Let's see where the policy will lead before condemning it. No one say you cannot pay $1500 for your professional exam just source the dollars through the proper channel . 9 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by dunkem21(m): 8:54am On Dec 28, 2015 |
2 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by bloodykiller: 8:55am On Dec 28, 2015 |
[s] PassingShot:[/s] i know you to be daft but I didn't expect it to be this much chaii till 2019 it will be always Gej's fault. well that's one thing I like you apc guys for we call it loyalty (but it's a stupid loyalty) 34 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by modath(f): 9:07am On Dec 28, 2015 |
PassingShot: God bless you & all yours!!! This your submission is why I no longer join issues with the wailers!!! No bueno, Ayaf tire. They argue to suit their bias without bearing in mind that oil ain't making money & don Fortunato done fritter away family savings on his failed reelection bid! You can't eat your cake & have it!!! 21 Likes 2 Shares |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Volksfuhrer(m): 9:07am On Dec 28, 2015 |
Our current CBN governor's methods of "defending" the naira brought us here. The facts on the ground clearly make nonsense of his restrictive forex policies. What does not work simply doesn't work! 4 Likes 2 Shares |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by wadetaw202: 9:10am On Dec 28, 2015 |
brunofarad: Did you read that thing at all? If you truly read it, you won't ask that question. 5 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Emekamex(m): 9:10am On Dec 28, 2015 |
Students abroad go hear am 1 Like |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by modath(f): 9:13am On Dec 28, 2015 |
Emekamex: Their politico fathers now have no choice but to improve the educational system.. 90% of them are being financed through public funds anyway, so...... BTW, I have folks schooling abroad too!! 10 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by Ghandi12: 9:13am On Dec 28, 2015 |
Rolings: Could you please advise him and thousands of other victims (from the CBN response above) what the proper channel of sourcing $ is. 11 Likes |
Re: CBN Insists It Won’t Reverse Restriction On Naira ATM Card Abroad by brunofarad(m): 9:14am On Dec 28, 2015 |
I don't engage in E fights TOO BIG FOR THAT wadetaw202: 1 Like 1 Share |
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