Following the outbreak of the coronavirus, the Central Bank of Nigeria has granted the Bureau De Change Operators a 2 weeks holiday. This came after the operators of the market requested for the market holiday in the face of the ongoing pandemic situation.
This market holiday means that sales of foreign exchange to the Bureau de change operators will be suspended for the next 2 weeks.
The public was further advised to not go into panic buying or hoarding or patronizing street traders. The CBN has promised that it has enough reserves to sustain supplies when it resumes operations.
Bureau De Change Operators on 2 Weeks Holiday
The official statement from the CBN through The president, ABCON, Alhaji Aminu Gwadabe states,
“This is to urgently bring to the notice of our members nationwide that following our letter of recommendations to the CBN to grant us market holidays on our bidding days as a proactive and preventive measure on the scourge of the novel COVID-19 epidemic and the ban on all air/land travels, the CBN has granted our request, effective Friday March 27, 2020
“There shall be no market days henceforth for a tentative period of two weeks.”
“We also want to advise members to strictly comply with their regulatory obligations on their daily operations.
“If you are trading, be cautious not to fall into the hand of security agencies. Don’t be involved in giving black market rates, street trading as doing so might create regulatory breach.”
“Once again accept our continuous assurances on serving you better as we continue to ponder on lasting solutions to the growing challenges facing our operations among them crowd management, expansion of scope of our business, lesser penalties, and automation.
