{"id":24679,"date":"2024-03-25T18:29:44","date_gmt":"2024-03-25T18:29:44","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=24679"},"modified":"2024-03-25T18:29:44","modified_gmt":"2024-03-25T18:29:44","slug":"cbn-issues-circular-to-bureau-de-change-operators-regarding-foreign-exchange-allocation","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/03\/25\/cbn-issues-circular-to-bureau-de-change-operators-regarding-foreign-exchange-allocation\/","title":{"rendered":"CBN Issues Circular to Bureau de Change Operators Regarding Foreign Exchange Allocation"},"content":{"rendered":"

The Central Bank of Nigeria issued a circular to Bureau de Change operators, indicating that they have provided each BDC with $10,000 at an exchange rate of N1,251 per US dollar.<\/p>\n

In the circular, each Bureau de Change is instructed to offer dollars to qualified customers at a rate that does not surpass 1.5% above the buying price.<\/p>\n

This indicates that Bureau de Change are advised not to sell above N1,269 for each $1.<\/p>\n

\"\"<\/p>\n

\u201cWe refer to our letter to you referenced TED\/DIR\/CON\/GOM\/001\/071 in respect of the above subject wherein the CB approved a second tranche of sale of FX to eligible BDCs.<\/p>\n

\u201cWe write to inform you of the sale of $10,000 to each BDC at the rate of N1,251\/$1. The BDCs are to sell to eligible end users at a spread of NOT MORE THAN 1.5 per cent above the purchase price.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria issued a circular to Bureau de Change operators, indicating that they have provided each BDC with $10,000 at an exchange rate of N1,251 per US dollar. In the circular, each Bureau de Change is instructed to offer dollars to qualified customers at a rate that does not surpass 1.5% above […]<\/p>\n","protected":false},"author":14,"featured_media":24692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-24679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/24679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=24679"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/24679\/revisions"}],"predecessor-version":[{"id":24695,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/24679\/revisions\/24695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/24692"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=24679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=24679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=24679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}