Regulatory Alerts2011-08-15 | TED.FEM.FPC.GEN.01.013Foreign Exchange Cash Sales to Bureau de Change (BDC) Operators
The Central Bank of Nigeria announces that it will sell USD 100,000 to each Bureau de Change operator on August 17, 2011, with subsequent weekly sales returning to the usual amount of USD 50,000 per BDC.
CENTRAL BANK OF NIGERIA Corporate Head Office Central Business District P.M.B. 0187, Garki, Abuja, FCT TRADE & EXCHANGE DEPARTMENT Tel: 09.46237800 ------- Fax 09 46237825 E-mail address:ted@cbn.gov.ng TED/FEM/FPC/GEN/01/013 August 12, 2011 TO: ALL AUTHORISED DEALERS, BUREAU DE CHANGE OPERATORS AND THE GENERAL PUBLIC FOREIGN EXCHANGE CASH SALES TO BUREAU DE CHANGE (BDC) OPERATORS This is to inform all Authorised Dealers, the BDCs and the General Public that the CBN will sell the sum of USD100,000.00 ( One Hundred Thousand United States Dollars) to each BDCs on Wednesday, 17th August, 2011, being the market day for BDCs for the week ending 20th August, 2011.
For the avoidance of doubt, the sale of the USD100,000.00 (One Hundred Thousand United States Dollars) is for that week only. Sales for the subsequent weeks will still be USD50,000.00 per BDC. O. L. AHUCHOGU (MRS) For: DIRECTOR TRADE AND EXCHANGE DEPARTMEI