CBN to Sell FOREX to Banks at N357 to $1

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Monday, March 27, 2017 12:03 PM/ CBN  

CBN to sell FOREX to banks at N357/$1, while banks will sell to their customers at N360/$1 for invisibles (BTA, medicals, fees, etc) 

CBN directs banks to post new rates in the banking halls of their branches immediately 

CBN examiners to visit banks to ensure the new rates are implemented 

CBN prohibits banks from selling #FOREX funds meant for invisibles to BDCs.  

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