Regulatory Alerts2015-08-13 | TED/FEM/FPC/GEN/01/0162015 Hajj Operations: Purchase of Pilgrims Travelling Allowance (PTA)
The Trade and Exchange Department has released a circular regarding the 2015 Hajj operations and the purchase of Pilgrims Travelling Allowance (PTA). Each pilgrim is entitled to a minimum of US$750 and a maximum of US$1,000 as PTA, with the Federal Government approving a concessionary exchange rate of N160 to the US dollar for the first US$750. The circular also provides a breakdown of the designated banks that will handle the sales of PTA to pilgrims in different states and the Armed Forces.
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