This new directive means when Nigerians living in diaspora transfer money to loved ones in the country, they can in turn withdraw the money in dollar cash and sell wherever they want to.
Currently, the exchange rate in the black market is around N500/$1 compared to N395 at the official BDC market.
Now, Nigerians who recieve foreign transfers such as Western Union or Moneygram can withdraw it in dollars and then sell at the black market rate
or wherever they want to.
Currently, most Nigerians living in diaspora who transfer cash to loved ones back home do so at the parallel market exchange rate.
Beneficiaries of Diaspora Remittances through International Money Transfer Operators (IMTOs) shall henceforth receive such inflows in foreign currency (US Dollars) or into their ordinary domiciliary account. Such recipients of remittances may have the option of receiving these funds in foreign currency cash (US Dollars) or into their ordinary domiciliary account.’’
GUYS, WHAT DO YOU THINK?
..
...................
LINKS YOU MIGHT LIKE.
Kindly Visit My Blog For Latest News,
Entertainment, Video Documentaries
www.edesononlinenews.com
.........
I AM ALSO A WEBSITE DESIGNER.
CALL OR WHATSAPP ME TO DESIGN
YOUR WEBSITE 08136125128
...........
You Can Visit My Company Official Website To Learn More About My Products And Services
www.edesoninfotech.com.ng
......
I have always been withdrawing dollars from my domiciliary account since I opened it about 8yrs ago and every month I withdraw dollars there from my YouTube payment.
Still not making sense cuz I kw the bank charges will be high wen u want to withdraw or transact it....the system and the country is corrupt
One world currency LOADING.......85℅
Do not believe them so easily, they can lie for Africa
Good development, by so doing , there will be more dollar in circulation, and the value of dollar will fall according to demand and supply law.
The world is coming 2 an end very soon the world leaders will come with one currency ideal 666 will be d mark 2 survive hmm repent now 2mrw may be 2 late
View previous comments…
Comments
Post a Comment