Why the CBN is panicking about the exchange rate

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Over the weekend, the Central Bank of Nigeria issued a surprising circular. It “warned” banks and Bureaux De Change operators to ensure that they sell forex to Nigerians looking for Personal Travel Allowance (PTA) or Business Travel Allowance (BTA).

from Google Alert - Business https://ift.tt/2L77iy2
Over the weekend, the Central Bank of Nigeria issued a surprising circular. It “warned” banks and Bureaux De Change operators to ensure that they sell forex to Nigerians looking for Personal Travel Allowance (PTA) or Business Travel Allowance (BTA). https://ift.tt/eA8V8J

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