The Central Bank of
Nigeria (CBN) will resume sales of dollar proceeds of international money
transfer (IMT) to bureaux de change (BDCs) operators this week even as
manufacturers kick against the move.
Daily Trust findings
revealed that the CBN governor, Mr. Godwin Emefiele, disclosed this during a
meeting with executives of the Association of Bureaux De Change Operators of
Nigeria (ABCON).
The apex bank
commenced the sale of dollar proceeds of IMT to BDCs in August, 2016 as
part of measures to stem the depreciation of the Naira in the parallel market.
However, the sale was suspended in December 2016, due to the Christmas and New
Year holidays.
ABCON President Aminu
Gwadabe said on its part, the association will introduce full automation of BDC
operations in Nigeria, adding that about 2000 BDCs have already been enrolled
in the online platform established for that purpose.
Gwadabe said the
measures were aimed at boosting confidence in the foreign exchange market and
encourage Nigerians in diaspora to send their dollars through the official
market.
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