
The Central Bank of Nigeria said it
has released adequate amount of
foreign exchange for the purpose
of Personal Travel Allowance,
Business Travel Allowance, and
payment of school and medical fees. In a statement by Acting Director,
Corporate Communications, CBN,
Mr. Isaac Okorafor on Friday, the
apex bank debunked claims by
some commercial banks that the
apex bank was not allocating enough forex to them for the BTA,
PTA, and payment of tuition and
medical fees.
It read in part, “This claim is totally
untrue. All banks have more than
enough stock of forex in their
possession for the purpose of
meeting genuine customers’
demand for BTA, PTA, tuition and medical fees. Indeed, on a weekly
basis, the CBN has been selling at
least $80m to banks for onward
sale to their customers for these
invisible items. “Members of the public seeking to
buy forex for the above-mentioned
purposes are, therefore, advised to
go to their banks and obtain their
forex.”
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