Nigeria: CBN Halts Direct Sales of Forex to Bureau De Change Operators

12 January 2016

The Central Bank of Nigeria, CBN has stopped sales of foreign exchange (FOREX) to Bureau de Change (BDC) operators.

The CBN governor, Godwin Emefiele, who announced the decision in Abuja on Monday, accused the operators of contributing to the huge hemorrhage on the country's scarce foreign exchange reserves.

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