Central Bank of Nigeria Governor, Mr. Godwin Emefiele, says it will not go back on restrictions placed on Bureaux de Change (BDCs), describing them as waging a relentless war on the Naira.
He stated thid when he briefed lawmakers yesterday at the national assembly in Abuja. He said that the activities of operators of BDCs were mainly responsible for the dwindling value of the Naira as they embark on rent seeking speculation of the local currency.
He also told the senators that some 2,837 BDC operators were leading the speculations against the Naira in the parallel market, adding that since stoppage of allocations to BDCs, they have been sourcing their dollars from oil companies and other foreign exchange earners.
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