2018-05-28 | TED/FEM/FPC/GEN/01/003

Re: Review of Weekly Foreign Exchange Cash Sales to Bureau de Change (BDC) Operators

The Central Bank of Nigeria announces an increase in the frequency of foreign exchange sales to licensed Bureau De Change (BDC) operators to three times weekly (Mondays, Wednesdays, and Fridays). This measure aims to improve BDCs' access to foreign currency and requires them to fund their accounts with equivalent Naira proceeds on Tuesdays, Thursdays, and Saturdays. The bank instructs authorized dealers to continue selling foreign currencies for travel-related transactions and emphasizes the importance of adhering to regulations on foreign exchange disbursements.

Nigeria

Central Bank of Nigeria

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