Nume Ekeghe
The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and intervention in critical sectors in the economy.
In a statement yesterday, ABCON President, Alhaji Aminu Gwadabe, said the central bank under Governor Godwin Emefiele, has achieved financial stability and promoted monetary policy initiatives that have kept the economy on the right paths.
He said CBN’s sound monetary policy decisions have also impacted positively on the banking system and economy, adding that bank customers now have confidence in the financial system.
Gwadabe said the monetary policy decisions of the CBN has helped to lower inflation rate, boosted foreign reserves and stabilised the naira exchange rate.
He said the local currency has been continuously strengthened by the CBN dollar/Yuan interventions and other policy initiatives.
The statement added:…
