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JUST IN: CBN bans sale of Forex to Bureau De Changes
<p>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.</p>
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<p>The CBN Governor, Godwin Emefiele, disclosed this at the end of the<a href="https://www.thecable.ng/breaking-cbn-retains-benchmark-interest-rate-at-11-5" target="_blank" rel="noopener"> </a>monetary policy committee two day meeting in Abuja on Tuesday July 27.</p>
<p>”We observed that the BDCs have continued to make huge profits while Nigerians suffered in pain.</p>
<p>”The commercial banks would be monitored to provide forex for the legitimate use of Nigerians.</p>
<p>“The Central Bank will henceforth discontinue the sale of forex to Bureau de Change operators,” He said.</p>
<p>He stressed that BDCs have disregard for CBN exchange rate policies, and become a illegal dealer in the country.</p>