Bureau De Change Operators of Nigeria have told members to stop selling or buying foreign currencies on streets

The Association of Bureau De Change Operators of Nigeria have told members to stop selling or buying foreign currencies on streets within the country

The operators said it launched ‘Operation No Street Trading’ to curb the rise in foreign currency exchange rates which is weakening naira

Exchange rates of bureau de Change is above that of Investors and Exporters window which is the official exchange rates recognised by the Central Bank of Nigeria

Selling of foreign currency on Nigerian street will no longer be accepted by the Association of Bureau De Change Operators of Nigeria (ABCON), as it moves to crash the exchange rates.

ABCON said its members should prevent hawking of dollars and other foreign currency which has been causing hike in exchange rates and weakening the naira.

The association launched ‘Operation No Street Trading’ during its directors’ meeting on Tuesday, June 2, 2021, in Lagos, to show its serious in supporting the Central Bank of Nigeria in strengthening naira.

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