The Central Bank of Nigeria (CBN) has injected the sum of $90 million to meet requests for invisibles such as BTA/PTA, medical and school fees in addition to the offer of $150 million to authorized FOREX dealers in the inter-bank wholesale auction window.
The Bank’s Acting Director in charge of Corporate Communications, Isaac Okorafor confirmed the figures, and said that the CBN has adjusted Bureau De Change (BDC) sale days to Tuesdays only, to reduce logistical difficulties.
He said that henceforth, the apex Bank would sell $10,000 only to low-end forex dealers once a week, stressing that in a bid to further ease the access of customers, the CBN has directed all banks to pay cash over the counter to desiring foreign exchange customers.
Okorafor advised the banks to oblige the genuine requests of customers, even as he also advised customers to report any un-cooperating bank to the CBN through available platforms.
It will be recalled that the CBN, in the recent months, has made offers and releases to the inter-bank foreign exchange market in its bid to sustain forex rule supply to different categories of users.
Meanwhile, the CBN spokesman expressed optimism that the sum of $150 million offered to authorized FOREX dealers in the interbank wholesale window to meet the requests of genuine wholesale customers would be fully subscribed at the auction as was the case at the last auction on March 28, 2017. [myad]
