Why CBN approves Forex sales to Bureaux De Change

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Central Bank of Nigeria, CBN, has given a directive to authorised dealers who are agents to approved International Money Transfers to sell foreign currency accruing from inward money remittances to licensed Bureaux De Change Operators, BDC’s, with effect from last Friday. CBN in a circular titled TED/FEM/ FPC/GEN/01/004, signed by Acting Director, Trade and Exchange

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Source:: Nigerian Pilot