BDCs: CBN’s rate not competitive | InfoWARE Finance
BDCs: CBN’s rate not competitive
(Source: The Nation, Date: 30-Aug-2017)
With over 700 of 3,389 Bureaux De Change (BDCs) inactive in the Central Bank of Nigeria’s (CBN’s) forex window over what stakeholders described as unfair pricing regime in favour of the banks, dollar sales at the retail end of the market may be at risk. The BDCs buy dollar from the CBN at N360/$1 and sell to end users at N362/$1 while the…
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