CENTRAL Bank of Nigeria (CBN)
will today resume dollar sales to Bureau De Change (BDCs) which was halted in
January on account of what was termed dollar scarcity and abuse of operating
guidelines.
According to a report yesterday
by a reliable source, Aminu Gwadabe, Association of Bureau De Change
Operators of Nigeria (ABCON) President, said nearly 3,000 BDCs are expected to
access dollar from the CBN today adding that the BDCs had in view of the resumption,
funded their accounts with the CBN on Wednesday in readiness for the
transaction...
The statement added that
dollar disbursement will start today and continue next week.
“Our members funded their
accounts with the CBN on Wednesday and will get the dollar equivalent
today. The funds will be sold at the prevailing inter-bank rate,” he said.
Gwadabe as reported promised
that the BDCs would abide by the directives and continually provide detailed
reports on how previous dollars sourced from the CBN were utilized accordingly.
With this laudable development,
ABCON boss assured the naira exchange rate against the dollar will crash due to
liberality adopted in the regime. However, Gwadabe appealed to the regulatory
body to open up more windows towards easing their operations.
“We want more windows to be
opened for BDCs instead of restricting it to Diaspora funds. We are happy we
can now access the Diaspora funds, but we want the CBN to do more. We are
confident that today’s sales will continue to calm the market,” he said.
