Regulatory Alerts2019-01-23 | FPR/DIR/GEN/CIR/07/021List Of Bureaux De Change In Nigeria As At Decemmber 31, 2018
According to the list provided by NAFDAC, there are a total of 4492 BDCs registered and licensed in Nigeria as at June 2021. Here is a summary of key details for each BDC across the country: 1. A total of 37 states and FCT have registered and licensed Bureaux De Change (BDC). 2. Lagos State has the highest number of BDCs with 886 registered. 3. Kano, FCT, Rivers, and Kaduna follow in that order with a considerable amount as well. 4. The registered BDCs are situated across several locations such as major streets (like Broad Street), plazas, markets, and commercial districts. 5. Some notable areas include Victoria Island in Lagos, Kano city, Wuse district of Abuja, Maitama area in Abuja, IRAN: - In Iran, the central bank, Bank Markazi Iranian Rial (IRR) is the sole authority to issue money domestically and internationally. However, the Iranian economy has been facing issues since 2018 due to heavy sanctions imposed by the United States which have caused a sharp decline in the country's GDP, inflation rate, employment levels, and trade volume. These sanctions have also adversely affected Iran's foreign exchange market.