CBN sells forex to BDCs at N360/$

CBN sells forex to BDCs at N360/$

The Central Bank of Nigeria (CBN) yesterday reduced rate at which it sells foreign exchange (forex) to bureau de change (BDCs) from N381 to dollar to N360 to dollar. The BDCs are to sell to end users at N362 to dollar. The rate reduction comes barely 24 hours after its directive to Deposit Money Banks […]

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Source: CBN sells forex to BDCs at N360/$

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