A Central Bank of Nigeria It has established a new restrictions to exchange Bureau Dendo Dechange users, to take care of one week’s purchase of $ 25,000 banks.
The advice, which is provided third and Department Department and exchange, wants to promote the market in the market that corresponds to another disturbance.
The bank was sitting, on 19th December 2024, to use BDC out of the Nigeria to exchange with $ 25,000 a week from a valid seller, and approved at the beginning of 30 January. However, Monday, it added this approval to.
Underlying with edited instructions, each BDC is allowed to be a single state of the same state of the week, and a violation of the situation attracts the conditions.
CBN also ordered that the external switch found in the bank should be sold to the end of use limitless mode without 1 percent above the purchase price.
“Authorized sellers will sell foreign money to BDCs to USD25,000.00 (twenty-five dollars) to the only bank account (ADB) and only buys the amount of money to the week. Buying this is to attract the mind appropriate.
“Seller and Authorized Custlers to BDCs will be common time on the Nefam window; cash-in exchange for BDCs from the seller’s bank
In order to avoid uneven, stated that BDCs should pose all seller, including beneficial bank accounts (BVN), and ensure it to be approved in a global order to be born.
The correct events are based on what they are in the best or business, employees outside, and medical expenses, and medical payments, and delivery of a lot of money at $ 5,000.
Authorized users with BDC users also need to follow Anti-money rules to know your customers (Kyc).
Authorized banks should continue to report to each week in an exchanging product to BDC in the type of product and the CBN exchange via email.
Similarly, all BDCs need to report daily reports for their selling from the approved seller and other resources, as well as the product, through the financial agencies (Fifix).
Added: CBN establishes the date of a valid Code
Central Bank Calls to Seller Seller or BDC obtained a cash flow or violation of these instructions to meet, including suspension of its consent.
The most recent movement prompts more than the Forex market, stabbing, and ensuring that they are following the rules of exchange.
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