The Central Bank of Nigeria, CBN, on Monday directed all deposit money banks to immediately commence the sale of foreign exchange to their customers at N360 to the dollar.
In a statement by the apex bank spokesperson, Isaac Okoroafor, all customers requesting forex for their basic transport allowance and personal transport allowance, tuition and medical fees, would henceforth get it at an exchange rate not more than N360 to 1 dollar.
The terse statement reads, “The CBN to sell forex to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc),” the apex bank said on Monday.
CBN directs banks to post new rates in the banking halls of their branches immediately. CBN examiners to visit banks to ensure the new rates are implemented.
CBN prohibits banks from selling forex funds meant for invisibles to BDCs”
The apex bank said it would sell to commercial banks at N357 per dollar and banks are to post the new rates in their banking halls of their branches immediately.
The Director of Corporate Communications, CBN advised the general public that CBN is providing dollars for 100 percent of genuine applications for PTA/BTA, Medical and Tuition for customers of all Banks. But some banks are still claiming that they don't have dollars.
Consequently, CBN is sternly looking at recent actions of the related Banks as potential economic sabotage. CBN has asked Nigerians that anyone who has submitted application through any Bank branch and if within 24 hrs does not get allocation for PTA or BTA and 48hrs for Medical and Tuition please contact CBN Consumer Protection Department through the details below providing name of Bank, branch and other relevant details.
Phone: 07002255226
Email: cpd@cbn.gov.ng
Please keep sharing to create the awareness!
No comments:
Post a Comment
Thank you for your comment