CBN to begin sale of forex to BDCs twice weekly

The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly.

Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, disclosed this in a statement.

[Read Also: CBN OFFERS $100M FOREX FOR CORPORATE CUSTOMERS]

He said the move was part of the apex bank’s determination to sustain the liquidity in the forex market.

He said that the BDC operators would henceforth enjoy twice weekly purchases at the sum of $10,000 each.

He said, “In continuation of its determination to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria wishes to inform market participants and the general public that it will commence twice weekly forex sales to Bureaux de Change from Monday, April 3, 2017.”

Leave a reply

Your email address will not be published. Required fields are marked *

cool good eh love2 cute confused notgood numb disgusting fail