The bank released the sum of $90 million to meet requests for invisibles such as travel allowances, medical and school fees.
CBN also on the same day, offered a total of $150 million to authorised dealers in the interbank wholesale auction window.
According to Isaac Okorafor, CBN spokesman, the CBN had adjusted BDC sale days to Tuesdays only to reduce logistical difficulties.
He added that henceforth the apex bank would sell $10,000 only to low-end forex dealers once a week.
Okorafor said in a bid to further ease the access of customers, the CBN had also directed all banks to pay cash over the counter to desiring foreign exchange customers.
Edited from The Cable
*This should give the Naira some strength this week....great news!!!
great news I hope it ll be implemented this time around.
ReplyDeleteVery great
ReplyDeleteSo what were they doing since 2015?They allowed Nigerians to suffer Hardship for nothing.CBN shd be re-structured for purposeful service delivery.
ReplyDeleteAction speaks louder than words....enough of all these bullshit all d time, yet the prices of things in the market keep hyping everyday. Go to d bank nd they will refuse to see you dollars. Anakogheli just to make Nigeria look good.
ReplyDelete