The Association of Bureau De Change Operators of Nigeria has asked the Central Bank of Nigeria to undergo a paradigm shift in sourcing foreign exchange for the economy.
He said the current naira-to-dollar exchange rate is great and shows the CBN has the muscles and arsenal to protect the value of the local currency. “We are also seeing how they are using the securities to attract foreign investments, which are oversubscribed. That is also having a lot of positive impact on the exchange rate,” he said.
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