CBN APPROVES FOREX SALES TO BDCS AT N1,590/$
Afia Radio
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1min
The Central Bank Of Nigeria has announced its decision to sell foreign exchange worth 20,000 dollars to eligible Bureau De Change operator across the country.
This was disclosed by the apex bank in a statement signed by the Acting Director of Trade and Exchange Department, Dr W. J Kanya, on Wednesday.
Dr Kanya, said the sales will help operators meet retail market demand for eligible invisible transactions.
The latest intervention of the central bank comes hours after the Nigerian naira dropped in value against the dollar to one thousand six hundred and fifty-eight naira forty-eight kobo in the Nigerian Autonomous Foreign Exchange on Tuesday.
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