CBN to Resume Sales of FOREX to Bureau De Change Operators
The Central Bank of Nigeria Thursday said it will resume sles of foreign exchange to the Bureau De Change operators beginning from September 7.
In a circular titled ‘Resumption of sales to Bureau De Change operators’ from the Director, Trade and Exchange Department, the apex bank said this was to enhance accessibility of forex to travelers with the planned resumption of international flights September 4.
Part of the circular reads: “As part of efforts to enhance accessibility to foreign exchange particularly to travellers following the announcement of limited resumption of international flights by the Honourable Minister of Aviation, commencing with Abuja and Lagos, the Central Bank of Nigeria hereby wishes to inform the general public that gradual sales of foreign exchange to licensed BDC operators will commence with effect from September 07, 2020.
“Consequently, purchase of foreign exchange by BDCs shall be on Mondays and Wednesdays in the first instance.
“The BDCs are to ensure that their accounts with the banks are duly funded with the equivalent naira proceeds on Fridays and Tuesdays accordingly.
In a circular titled ‘Resumption of sales to Bureau De Change operators’ from the Director, Trade and Exchange Department, the apex bank said this was to enhance accessibility of forex to travelers with the planned resumption of international flights September 4.
Part of the circular reads: “As part of efforts to enhance accessibility to foreign exchange particularly to travellers following the announcement of limited resumption of international flights by the Honourable Minister of Aviation, commencing with Abuja and Lagos, the Central Bank of Nigeria hereby wishes to inform the general public that gradual sales of foreign exchange to licensed BDC operators will commence with effect from September 07, 2020.
“Consequently, purchase of foreign exchange by BDCs shall be on Mondays and Wednesdays in the first instance.
“The BDCs are to ensure that their accounts with the banks are duly funded with the equivalent naira proceeds on Fridays and Tuesdays accordingly.
FOLLOW US
About Post Author
