CBN stops sale of foreign exchange to Bureau De Change operators

Posted by News Express | 12 January 2016 | 2,019 times

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The Central Bank of Nigeria (CBN) has stopped the sale of foreign exchange to Bureau De Change (BDC) operators.

Addressing reporters in Abuja on Monday, the Governor of CBN, Mr Godwin Emefiele, said the operators would now be left with the option of getting foreign exchange from autonomous sources.

He stated that the apex bank would monitor the trade operations of the BDCs to ensure they do not violate the Money Laundering Act

According to the CBN boss, commercial banks have also been authorised to accept cash deposits of foreign exchange from their customers. (Channels TV)

•Photo shows CBN Governor Emefiele.

Source: News Express

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