CBN Reviews Weekly Foreign Exchange Cash Sales To BDC Operators

Date:

As part of our efforts to enhance the accessibility of foreign exchange especially to the Bureau De Change (BDC) segment, the frequency of sales to licensed BDCs is hereby increased to three (3) times weekly.

Thank you for reading this post, don't forget to subscribe!

Consequently, purchase of foreign exchange by BDCs shall be on Mondays, Wednesdays and Fridays. The BDCs are to ensure that their accounts with the banks are duly funded with the equivalent Naira proceeds on Tuesdays, Thursdays and Fridays.

Meanwhile, Authorised Dealers shall continue to sell foreign currencies for travel related invisible transactions to customers and non-customers over the counter upon presentation of relevant travel documents (passport, Air ticket Visa).

All Authorised Dealers and Bureau De Change Operators are hereby advised to ensure strict compliance with the provisions of the extant regulations on the disbursement of foreign exchange cash to travellers, as any case of infraction will be appropriately sanctioned.


Discover more from Naija247news

Subscribe to get the latest posts sent to your email.

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

No one can Replace a Man Like Pope Francis, Not Politics, Says CAN Northwest Chair Oibe

22, April 2025 The Chairman of the Christian Association of...

Why TikTok needs rules in Nigeria, by Lolo 1

22, April 2025 Actress and media personality Lolo1 has expressed...

you can’t take over SDP for personal battle against Tinubu

22, April 2025 The 2023 Social Democratic Party (SDP) presidential...

Bode George criticize Atiku for meeting Buhari over coalition

22, April 2025 A chieftain of the Peoples Democratic Party...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading