FX crisis: CBN scraps payment of BTA/PTA by cash

In a bid to boost liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has scrapped the issuance of cash for Personal and Basic Travel Allowances.

Instead, it will be paid through electronic channels and no longer by cash.

PTA/BTA is a foreign currency product that ensures customers travelling out of the country on personal or business trips have access to foreign currency at approved CBN rates.

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