• Indicts operators for money laundering
• We receive 5,000 fresh BDC applications monthly, says Emefiele
• MPR, other monetary parameters retained
• Decision a rumour until we see CBN circular, operators insist
• Cordros Research: Discontinuation of FX to BDC will affect exchange rate
• Nigeria to launch digital currency ‘e-naira’ in Oct
The Central Bank of Nigeria (CBN), in a rare courage, yesterday, ended foreign exchange (FX) supply to bureau de change (BDC) operators and registration of new players with immediate effect.
Governor of the CBN, Godwin Emefiele, in a media briefing on the outcome of the Monetary Policy Committee (MPC) meeting, accused BDC operators of rent-seeking behaviour and involvement in money laundering activities, adding that the authority receives about 5,000 fresh applications monthly.