Tuesday, 12 June 2018

CBN: Apex bank says Bureaux de Change, banks will now get dollar at same price.

Godwin Emefiele CBN Governor (ft)
The CBN said the development will provide a positive margin of N3 per dollar sold to BDC operators by the CBN.

Operators of Bureaux de Change and commercial banks have been approved to get foreign exchange at the same price, the Central Bank of Nigeria (CBN) said.

The CBN Acting Director, Corporate Communications, Isaac Okorafor, disclosed this on Monday, June 4, 2018.  

The development means that banks and Bureaux de Change companies will buy the United States dollar at N357 per dollar to sell N360.

Okorafor said this will provide a positive margin of N3 per dollar sold to BDC operators by the CBN.

This is the rate banks buys forex for PTA and BTA transactions; different from the interbank rate.



By Dimeji Akinloye.

Full story at Pulse NG.

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