By The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect, Blackbox NIgeria reports.
The CBN Governor, Godwin Emefiele, made the disclosure after the Monetary Policy Committee (MPC) two-day meeting in Abuja on Tuesday.
The MPC also retained the Monetary Policy Rate at 11.5 per cent as well as cash Reserve Ratio and Liquidity Ratio at 27.5 per cent and 30 per cent respectively.
“The MPC made the decision to hold all parameters constant. The committee thought by unanimous vote to retain the Monetary Policy Rate at 11.5 per cent.
“In summary, MPC voted as follows, one, retain MPR at 11.5 per cent; retain the asymmetric corridor of +100/-700 basis points around the MPR; retain the CRR at 27.5 per cent; and retain the Liquidity Ratio at 30 per cent.” the CBN boss said.
Details shortly…
