Nigerian travelling overseas can now heave a sigh of relief following the release of new Central Bank of Nigeria (CBN) directives that make it much easier for people in this category to access foreign exchange for their travelling needs.
A statement Saturday night by the apex bank’s Acting Director, Corporate Communications, Isaac Okoroafor, stated that in a bid to ensure that eligible travelers are able to access foreign currency and make liquidity available in the market, the CBN had issued the following instructions to banks:
-All Deposit Money Banks are mandated to buy and sell foreign currency to travelers (both customers and non-customers) upon presentation of relevant valid travel documents such as visa and tickets over the counter. All travelers shall be attended to immediately at the bank’s counters. Any contravention will be sanctioned by the CBN.
-All Bureaux de Change (BDCs) shall henceforth access dollars from the CBN on Monday’s, Wednesdays and Fridays. It is compulsory that all BDCs access currency at least three times weekly.
The statement warned that BDCs that failed to access the FX window at least three times weekly would have their licenses reviewed by the CBN – emphasizing that compliance with the new directive was compulsory.
from thenationonlineng.
Nice. Thank God
ReplyDeleteGreat news indeed.
ReplyDeleteWell, as regards the first directive, it has always been the practice, as banks have always sold fx to their customers travelling abroad (Pta/Bta). The only new thing is the directive to sell to walk in customers.
ReplyDeleteBanks even sell to walk in. They will just be required to fill an additional KYC document
DeleteIt's normal..i get through bank.. The bank I use sell 1doll -360#.. Abokis sell 366#..
ReplyDeleteNice one indeed.
ReplyDeleteI hope they adhere to this instructions...useless banks!
ReplyDeletePlease can cbn also bring down the rates for 💵 to N200/N250. Na God i take beg Una as we get medical bills to pay for. Thanks in advance 🙏🏼
ReplyDelete