CBN governor expresses worry that dollar is fast becoming second national currency
The governor of the Central Bank of Nigeria (CBN), Lamido Sanusi, on Sunday in Tokyo, disclosed that the bank will soon stop the selling of cash to bureaux de change.
?70% of the dollars that people buy from bureaux de change are not for transactions outside Nigeria, they move dollars from one part of the country to the other. In fact, from one part of Abuja to another part,” Sanusi said.
?In a briefcase, you can carry 100,000 dollars, that?s N15 million. We are coming up with policies; we are going to have to stop selling cash to BDC and credit their accounts.
?If you want to pay for medical bills abroad, you give hospital account. If you want to pay school fees, do transfer like everybody else. If you want to travel, do travellers cheques or get money on your card.?
According to him, at the moment, the dollar was becoming Nigeria?s second national currency, which was a source of worry to the apex bank and even to President Goodluck Jonathan.
Sanusi said that part of the reasons why the bank moved to restructure the Naira was to tackle the genuine need of high net-worth cash users.
