No intention of tampering with Forex – CBN – Checklist Mag


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No intention of tampering with Forex – CBN


cbn nigeria: www.scarletnews.com
The CBN made following claim:


Some holders of domiciliary accounts in Nigeria have for some time been agitated over a rumour that the apex Bank, Central Bank of Nigeria was planning to turn their hard currency into local currency. Now, the apex Bank has publicly declared that it is a false assumption.

The Bank said that the story has no basis in its pronouncements or plans. It would really be weird if the CBN would do such a thing under normal circumstances because there is no basis for having a domiciliary account if that was going to be the case, and turning US dollars or British pounds into naira is absurd.
It was a big relief when the CBN came out with the statement that such action has never come up into their intentions.


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