The Central Bank of Nigeria (CBN) has approved another sale of foreign exchange to eligible Bureau De Change (BDC) operators at N1,590 per dollar to meet the demand for invisible transactions.
The CBN’s Acting Director, Trade and Exchange Department, W.J. Kanya disclosed this in a statement titled: “Sales of Foreign Exchange to BDCs to Meet Retail Market Demand for Eligible Invisible Transactions,’ on Wednesday night in Abuja.
The apex bank pegged the amount of dollars to be sold to each BDC at $20,000 at the rate of N1,590/$ to each.
