CBN to resume dollar sales to bureaux de change operators next week

 

   Central Bank of Nigeria, CBN, will resume sales of dollar proceeds of international money transfer to bureaux de change operators next week.

  CBN Governor, Godwin Emefiele, disclosed this during a meeting with executives of Association of Bureaux De Change Operators of Nigeria, saying that the move is to ensure stability of the Naira exchange rate.
  Confirming this to newsmen, the association’s President, Aminu Gwadabe, said the CBN governor also dismissed as untrue speculations that the apex bank would reintroduce mandatory caution deposit of N35 million.
  According to Gwadabe, the CBN governor also warned against speculation against the value of the Naira, assuring that the apex bank will not devalue the Naira contrary to predictions in some quarters.