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Tag: Commercial Banks

Forex market intervention

Why CBN stopped sales of foreign exchange to BDC operators

July 28, 2021July 28, 2021Ayo Olowo

The Central Bank of Nigeria (CBN) says it has banned sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in the country. The governor of the apex bank, Godwin Emefiele, announced this decision at the end of the monetary policy committee meeting in Abuja on Tuesday. Emefiele said the apex bank received about […]

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