CENTRAL BANK DENIES RESTRICTING FOREIGN CASH DEPOSITS
Written by thereachfm on February 25, 2020
The Central Bank of Nigeria says it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks.
In a statement on Sunday, the Director, Corporate Communications, Isaac Okorafor, clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria.
Okorafor therefore urged stakeholders and other interested parties to always endeavour to seek clarification on issues and avoid speculative tendencies which were detrimental to the financial system.