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Home Government Sale of Forex to Travelers Over the Counter
  • Government

Sale of Forex to Travelers Over the Counter

By
Prnigeria
-
May 27, 2018
CBN
CBN
Sale of Forex to Travelers Over the Counter
In order to ensure that eligible travelers are able to access foreign exchange and make liquidity available in the market, the Central Bank of Nigeria (CBN) wishes to make the following release:
All Deposit Money Banks (DMBs) are mandated to buy and sell foreign exchange to travelers (both customers and noncustomers) upon presentation of relevant, valid travel documents such as visa and ticket OVER THE COUNTER.
All travelers shall be attended to immediately at the banks’ counters. Any contravention shall be sanctioned by the CBN.
All BDCs shall henceforth access forex from the CBN on Mondays, Wednesdays and Fridays.
It is compulsory that all BDCs access forex at least three times weekly.
Any BDC that fails to access the forex window at least three times weekly shall have its licence reviewed by the CBN.
Compliance is Compulsory. Isaac Okorafor Ag. Director, Corporate Communications
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CAC Unveils AI-Powered Registration Portal to Revolutionize Business Registration in NigeriaEmployment: ICPC Secures Conviction of FAAN StaffCustoms Hands Over N172m Worth of Cannabis to NDLEA in Ogun, Commissions 13 New Patrol VehiclesCombating Deepfake Videos: A Fight for Nigeria's Soul By Mukhtar Ya'u MadobiMilitary Foils Terrorists' Bomb Attack, Discovers 56 IEDs on Marte–Dikwa Bridge in BornoNIPR Lauds Nigerian PR Firms for Outstanding Performances at 2025 SABRE Africa AwardsDHQ: How Troops Nabbed Mastermind of NDLEA Commander’s Kidnap in AnambraFederal Lawmakers Endorse PRNigeria Fellowship, Pledge Support for Youth EmpowermentSCN NGO Seals Partnership with PRNigeria to Amplify its Humanitarian ProjectsPlateau: Troops Nab Suspected Gunrunner, Recover AK-47, Ammunition in PlateauTroops Neutralise Scores of Militias in Plateau‎FACT-CHECK: Are Nigerian Soldiers Protecting Cattle Instead of Citizens in Yelewata Benue State as Shown in a Viral Video?Nigerian Army Provides Free Medical Aid, Educational Support in Zamfara CommunityMarriage and the Silent Wounds Within Homes By Hafsat IbrahimPolice, Pharma Manufacturers Partner to Combat Substandard Drugs in Kano
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