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Nairaland Forum / Nairaland / General / Business / CBN To Banks: Sell Forex To BDCs - Nairametrics (23712 Views)
CBN Suspends 19 Banks From Forex Sale To BDCs / Travelex To Commence Sales Of Forex To Bdcs Today / CBN Resumes Dollar Sales To BDCs (2) (3) (4)
CBN To Banks: Sell Forex To BDCs - Nairametrics by Adesiji77: 10:33pm On Jul 22, 2016 |
The Central Bank of Nigeria has issued a new circular on Friday announcing that it has given Bureau De Change operators (BDC) permission to buy forex sold from International Money Transfers.http://nairametrics.com/breaking-cbn-instructs-banks-to-sell-forex-to-bdcs-what-it-means/ 2 Likes 3 Shares |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by DickDastardly(m): 10:42pm On Jul 22, 2016 |
Trial and error ... Confusion everywhere. God where are you ![]() ![]() 64 Likes 2 Shares |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by FreeWorld23: 10:45pm On Jul 22, 2016 |
CBN crew are dumb set of confused people, they should sit their a$$ down ![]() 17 Likes 1 Share |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by davide470(m): 10:54pm On Jul 22, 2016 |
Here we go again with the round tripping by banks. A bank would buy/receive FX at the "new floating FX market rate of c.283, then sell to the BDC at their "black market rate" of c.379. The spread would now make up their profit (Non Interest income or something like that).. Issorai!! Btw Adesiji77, do you work for Nairametrics ![]() 17 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Adesiji77: 10:59pm On Jul 22, 2016 |
1 Like |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Yourskills(m): 11:02pm On Jul 22, 2016 |
good news to ama hausa's ![]() meanwhile....if you need a reliable bureau de change operator online/offline that offers home_delivery service.....contact me....check my signature. BDC road operators are not trustworthy again, the can wreck anyone. 4 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by uboma(m): 1:44am On Jul 23, 2016 |
hmmmmm. this new policy will in no small way further bring down the value of the NGN if the CBN does not regulate the price the banks should sell to the BDCs. What a trial and error economic policy indeed like someone above described it. 18 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by kolnel: 7:28am On Jul 23, 2016 |
This government is confused You obviously can't spend what you don't have Naija right now doesn't earn much dollars The government should just stick to a policy not going back and forth 7 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by otitokoroleti: 7:31am On Jul 23, 2016 |
APC means CONFUSION 17 Likes 1 Share |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by hopeforcharles(m): 7:59am On Jul 23, 2016 |
Nigeria is looking like a children's play field, it looks like we are in more shiit than we thought, What about the Chinese Yaun Deal? Can someone tell me what's up. 19 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by herzern(m): 8:22am On Jul 23, 2016 |
otitokoroleti:Yhu mean the APC we voted for?? 19 Likes
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Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by GloShare(m): 8:22am On Jul 23, 2016 |
Nonsense 2 Likes 2 Shares |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by kayo80(m): 8:23am On Jul 23, 2016 |
The fact is, if we don't up our game and export more than we import, there is very little the CBN or the Finance Minister can do to make the Naira strong. 7 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Nobody: 8:23am On Jul 23, 2016 |
I see everything getting better day by day. Good government, good Nigeria, good blog(check it on my signature) 4 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by gurunlocker: 8:24am On Jul 23, 2016 |
Let them keep playing lotto on Forex and naira.... 1 Like |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Godswillnwaoma(m): 8:25am On Jul 23, 2016 |
Nigeria is in big mess 1 Like |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by donbrowser(m): 8:26am On Jul 23, 2016 |
Nigeria has become testing ground like a bulb switch, yuan deal, floating, now this. You cant read headlines these days without a loud Hiss. 10 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Kaybee14(m): 8:27am On Jul 23, 2016 |
It is well with our Naira. |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by ogaprime(m): 8:29am On Jul 23, 2016 |
APC government be like... Jangi lofa epo moto, jangi lofa epo moto... 4 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by haryomikun(m): 8:29am On Jul 23, 2016 |
Hmmm. God help this our currency ooo ![]() Fluctuations all the time! www.nairaland.com/3452804/websites-get-jobs-before-school |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by tuoyoojo(m): 8:32am On Jul 23, 2016 |
I am tied of the confused CBN policy the naira is one of the worst performing currency in Africa how the hell did we get here when would dis stop 3 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by ajayiopy: 8:32am On Jul 23, 2016 |
CBN is totally confused 3 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by valiantheartprod(f): 8:33am On Jul 23, 2016 |
hmmm.... I don't even known what to say |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by MeanChris(m): 8:33am On Jul 23, 2016 |
What was really the essence of all these travels 17 Likes 1 Share
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Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Miles300: 8:34am On Jul 23, 2016 |
Can't believe as a nation we have come so low to such economic policies to think it will strengthen the naira .. No sound economic polices any more ... How do investors bring in dollars to invest in the country when their are strict fx regulations , how do they come to invest with our trial and error economic polices that won't be favourable to them, with recent spat of insecurity how do U encourage foreign investment and when some are leaving the country and halt it's operation in nigeria ..where is power supply to do business.. We still have a long way to go .. So many technical and fundamental principles are really affecting our economy and instead of govt to look for ways to address this issue they are rather spending more time in recovery of looted funds ,not bad anyway but more sectors need more attention than recovery of looted funds .. 13 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by prinsam30: 8:34am On Jul 23, 2016 |
I woke up this morning to read good news... ... What's this I'm reading ![]() 3 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by sammyj: 8:35am On Jul 23, 2016 |
Good to know. |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by mccoy47(m): 8:36am On Jul 23, 2016 |
The Joke called Nigeria! 5 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by admax(m): 8:37am On Jul 23, 2016 |
CBN Governor and his policies:
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Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Pascal181: 8:37am On Jul 23, 2016 |
Simply shelve ur pride, accept that u, CBN governor and ur finance minister are bereived of ideas 2 move d economy foreward and bring back prof. Mrs Ngozi Okonjo Iweala to rescue our economy. 3 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Nobody: 8:38am On Jul 23, 2016 |
So now I can now be paid in dollars in the bank if I choose to. Good! But then again, it means our own currency is so getting undervalued even in the Nigeria economy and not only forex. 3 Likes |
Re: CBN To Banks: Sell Forex To BDCs - Nairametrics by Nobody: 8:38am On Jul 23, 2016 |
What next? 1 Like |
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