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Nairaland Forum / Nairaland / General / Business / Travelex Sells Dollars At N356 To Travellers (2604 Views)
Travelex Sells Dollars Directly To Travellers At N356 / Travelex To Commence Sales Of Forex To Bdcs Today / Naira To Strengthen As Travelex Begins Forex Distribution (2) (3) (4)
Travelex Sells Dollars At N356 To Travellers by Truth234(m): 4:57pm On Oct 07, 2016 |
Travelex, an international money agent, has commenced sales of dollars directly to travellers on Friday. The company’s office at the Muritala Muhammed International Airport, Lagos was filled with hundreds of travellers looking to buy dollars at a price better than both Bureau de Change and parallel market’s price. The international money agent sells at N356 to a dollar, while Bureau de Change operators within the terminal were selling from N470 to N472 to travellers. Although, Travelex sells at a moderate price, however, the company gave stringent conditions for the purchase. Travellers are required to bring valid international passport, visa to destination, Biometric Verification Number (BVN) card, airline boarding pass and signed copy of the transaction. The company also directed that cash would only be handed over to the traveller at the boarding gate after security and immigration checks. According to Travelex “These conditions are to ensure that the dollar is sold to only genuine travellers, and discourage racketeering.” Accordingly, some of the travellers were unable to purchase dollars because they could not produce their BVN cards. A traveller, Mr Uche Ikediashi, said he didn’t know about the BVN card. “Yesterday I bought dollars from a BDC at N470. Today I was told that Travelex is selling at N356; that is why I came here, but they said I needed to bring my BVN card and I don’t have it,’’ he said. While another traveller, Mr Samson Uduak, commended the CBN for the initiative, he said it has created easy access to forex for travellers. “Buying directly from Travelex is very good, but the CBN needs to sensitise Nigerians to go and obtain their BVN cards from their banks,” said Uduak. http://investorsking.com/travelex-sells-dollars-at-n356-to-travellers/ 1 Like |
Re: Travelex Sells Dollars At N356 To Travellers by Matete4Life(m): 5:03pm On Oct 07, 2016 |
Good news hopefully this will reduce the pressure on the naira. |
Re: Travelex Sells Dollars At N356 To Travellers by Nobody: 5:03pm On Oct 07, 2016 |
Good! but which 1 is bvn card again |
Re: Travelex Sells Dollars At N356 To Travellers by Truth234(m): 5:07pm On Oct 07, 2016 |
That is why Travelex introduced compulsory biometric registration before selling to BDC operators. It will curb their activities to some extent and help boost liquidity in the market. Maybe that is why some of the BDC operators are reluctant to register. When I said the above this morning, I didn't know it will be this fast. Travelex has dropped price from N470 to N356 per dollar within 12 hours. Better days ahead. |
Re: Travelex Sells Dollars At N356 To Travellers by def111(m): 5:09pm On Oct 07, 2016 |
good news to travelers... |
Re: Travelex Sells Dollars At N356 To Travellers by lightheart(m): 5:12pm On Oct 07, 2016 |
Fantastic! In less than 24hours Botu this BVN card matter tho' ![]() Can't they verify via BVNumbers? And it's not like banks are pushing any awareness for this BVN cards the way they did with getting the BVNumbers! 1 Like |
Re: Travelex Sells Dollars At N356 To Travellers by KINGwax007(m): 5:18pm On Oct 07, 2016 |
lightheart:bvn cards are for travelers, if u travel a lot, u wld av been informed on how to get it |
Re: Travelex Sells Dollars At N356 To Travellers by wristbangle: 5:20pm On Oct 07, 2016 |
Never heard of BVN card oo. So what are the processes involved to get one? ![]() |
Re: Travelex Sells Dollars At N356 To Travellers by KINGwax007(m): 5:21pm On Oct 07, 2016 |
How wailers avoid this thread
|
Re: Travelex Sells Dollars At N356 To Travellers by chigoizie7(m): 5:27pm On Oct 07, 2016 |
What is bun card? And how do I get it? |
Re: Travelex Sells Dollars At N356 To Travellers by chigoizie7(m): 5:29pm On Oct 07, 2016 |
KINGwax007: Why not tell us how to get it? We are all learners here |
Re: Travelex Sells Dollars At N356 To Travellers by fr3do(m): 5:56pm On Oct 07, 2016 |
People with dollars under their mattresses should start selling their dollars o, the price will soon crash ![]() |
Re: Travelex Sells Dollars At N356 To Travellers by Nobody: 6:30am On Jan 23, 2017 |
Are they still selling ?? |
Re: Travelex Sells Dollars At N356 To Travellers by Truth234(m): 6:37am On Jan 23, 2017 |
BADNEAT: Yes |
Re: Travelex Sells Dollars At N356 To Travellers by Nobody: 6:40am On Jan 23, 2017 |
Truth234:heard they didn't sell late December , do you know anyone that has gotten this year ??and are they still asking for bvn card |
Re: Travelex Sells Dollars At N356 To Travellers by Truth234(m): 6:49am On Jan 23, 2017 |
BADNEAT: I don't have anyone that has gotten it this year, but I am certain late December was off period, the CBN stopped dollar sales to BDCs but they've resumed last week. http://investorsking.com/cbn-resumes-sales-forex-bdcs/ |
Re: Travelex Sells Dollars At N356 To Travellers by def111(m): 6:53am On Jan 23, 2017 |
Truth234: so without bvn card I can't buy ? |
Re: Travelex Sells Dollars At N356 To Travellers by Truth234(m): 6:55am On Jan 23, 2017 |
def111: You need your BVN card |
Re: Travelex Sells Dollars At N356 To Travellers by Adesiji77: 7:12am On Jan 23, 2017 |
wristbangle: Visit the branch where you initially registered for your BVN. They should have it with them. 1 Like |
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