CBN talks tough, says won't reverse BDC forex ban despite naira crash

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Bank Governor Emefiele says the CBN took too long to act.

“The only exchange rate market is the Investors and Exporters window, which is the market that we expect everybody that wants to buy or sell dollars should use,” said Mr Emefiele.

“CBN remained the only central bank in the world to dip its hands into our commonwealth mad pack dollars to BDCs all in an effort to stabilise the exchange rate.

 

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