Calmness seen in FX market as CBN refunds N35m MCD to BDCs
The foreign exchange (FX) market, specifically the Bureau De Change (BDC) segment, is expected to enjoy some level of calmness following the refund of N35 million Mandatory Caution Deposit (MCD) to all operators by the Central Bank of Nigeria (CBN). Following the recent development in the operations of BDCs in the economy, the CBN decided…
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