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The Central Bank of Nigeria has Announced a New FX Policy.
(Aka how to access dollars)
Here’s why you should care👇
(Aka how to access dollars)
Here’s why you should care👇
The Policy says that:
1. CBN would stop selling FX to Bureau de Change (BDCs) operators, aka the guy that sells dollars on the street.
2. CBN would also no longer issue new license to BDCs.
1. CBN would stop selling FX to Bureau de Change (BDCs) operators, aka the guy that sells dollars on the street.
2. CBN would also no longer issue new license to BDCs.
3. FX would now be channeled through commercial banks.
4. Banks would set up a desk to serve customers in need of FX
4. Banks would set up a desk to serve customers in need of FX
