The Association of bureau de change operators has applauded the CBN’s directives and the various Support of the industry players in the recent stop on the use of the non-oil export Domiciliary accounts deposits as collateral for naira loans.

President of the Bureau de change operators, Aminu Gwadabe says those companies with huge billions of dollars balances in their non-oil export Dom account source their FX needs in the official window and use the same for naira loans.

He noted that the ban will not only add to the dollar’s liquidity in the market but also help in the accretion of their buffers.

They also want the CBN to upgrade their policies to legislation regarding the impending BDCS new reforms to give comforts and guarantees to would-be investors in the transformation of the BDCS INDUSTRIES SUB SECTOR.