The Central Bank of Nigeria, CBN, has banned the sales of foreign exchange (FX) to the Bureau De Change operators in the country with immediate effect.
The CBN Governor, Godwin Emefiele, disclosed this at the end of the monetary policy committee two day meeting in Abuja on Tuesday July 27.
”We observed that the BDCs have continued to make huge profits while Nigerians suffered in pain.
”The commercial banks would be monitored to provide forex for the legitimate use of Nigerians.
“The Central Bank will henceforth discontinue the sale of forex to Bureau de Change operators,” He said.
He stressed that BDCs have disregard for CBN exchange rate policies, and become a illegal dealer in the country.
