Private BDCs
Each licensed BDC was required, to open a Naira Current Account with an Authorized Dealer of its choice, for the purpose of buying forex. A Bureau-de-Change is allowed to purchase forex from the CBN through a presentation of the CBN cheque issued by their banks twice a week (Tuesdays and Thursdays).The Bureau-de-Change purchase equivalent amount of forex from the CBN up to a maximum limit of US$200,000.00 twice a week.
Read more about this topic: Central Bank Of Nigeria
Famous quotes containing the word private:
“Alone in the public clearing
This private thing was owned by all the town,
Though never claimed by us within my hearing.”
—Allen Tate (1899–1979)