{"id":23880,"date":"2024-03-25T18:00:58","date_gmt":"2024-03-25T18:00:58","guid":{"rendered":"https:\/\/nigerdeltanews.ng\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\/"},"modified":"2024-03-25T18:00:58","modified_gmt":"2024-03-25T18:00:58","slug":"fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs","status":"publish","type":"post","link":"https:\/\/nigerdeltanews.ng\/fx-crisis-dont-sell-above-n1269-per-dollar-cbn-orders-bdcs\/","title":{"rendered":"FX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs"},"content":{"rendered":"<div>\n<p>The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of N1,251 per United States, US, dollar.<\/p>\n<p>This was revealed in a circular signed by Hassan Mahmud, the CBN Director of Trade and Exchange Department.<\/p>\n<p>The apex bank instructed the BDCs to offer dollars to qualified customers at a rate not more than 1.5 per cent above the buying price.<\/p>\n<p>This indicates that BDCs are advised not to sell above N1,269 for each $1.<\/p>\n<p>The circular reads partly: \u201cWe refer to our letter to you referenced TED\/DIR\/CON\/GOM\/001\/071 in respect of the above subject wherein the CB approved a second tranche of sale of FX to eligible BDCs.<\/p>\n<p>\u201cWe write to inform you of the sale of $10,000 to each BDC at the rate of N1,251\/$1. The BDCs are to sell to eligible end users at a spread of NOT MORE THAN 1.5 per cent above the purchase price.\u201d<img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-1085501\" src=\"https:\/\/nigerdeltanews.ng\/wp-content\/uploads\/2024\/03\/GJiDdMcX0AABpVe.jpeg\" alt=\"\" width=\"1284\" height=\"1796\" srcset=\"https:\/\/nigerdeltanews.ng\/wp-content\/uploads\/2024\/03\/GJiDdMcX0AABpVe.jpeg 1284w, https:\/\/dailypost.ng\/wp-content\/uploads\/2024\/03\/GJiDdMcX0AABpVe-214x300.jpeg 214w, https:\/\/dailypost.ng\/wp-content\/uploads\/2024\/03\/GJiDdMcX0AABpVe-732x1024.jpeg 732w, https:\/\/dailypost.ng\/wp-content\/uploads\/2024\/03\/GJiDdMcX0AABpVe-1098x1536.jpeg 1098w\" sizes=\"(max-width: 1284px) 100vw, 1284px\"><\/p>\n<p>FX crisis: Don\u2019t sell above N1,269 per dollar \u2013 CBN orders BDCs<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria, CBN, has provided Bureau De Change, BDCs, operators with $10,000 at an exchange rate of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":23881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11107,4161,4274,15,761],"tags":[11110,519,63,764,180,762],"class_list":["post-23880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bdcs","category-business","category-cbn","category-news","category-top-headlines","tag-bdcs","tag-business","tag-cbn","tag-headlines","tag-news","tag-top"],"_links":{"self":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/23880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/comments?post=23880"}],"version-history":[{"count":0,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/posts\/23880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media\/23881"}],"wp:attachment":[{"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/media?parent=23880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/categories?post=23880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nigerdeltanews.ng\/wp-json\/wp\/v2\/tags?post=23880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}