November 21, 2016

Senate rejects move to punish people for ownership of Forex

The senate said it will reject the proposal by Central Bank of Nigeria to punish people for hoarding dollars and other foreign currency, which leads to speculation and volatile exchange rate.

Read the senate's position below:


7 comments:

Tornubari said...

Pls der shld look in to it

Ay360 said...

Abi ooooo, hw is it dia business what I do with my money?

Chioma Ujo said...

There are so many underlying things involved. At one hand, they're are right to an extent as prices ought to be determined by forces of the market though under fair regulations by the government. On the other hand, these people (Senate) might be acting based on selfish agendas as some of them probably own and control these bureau de change outlets.

olisayemk said...

Their business

Uyi Osamwonyi said...

We need good policy to be amended not all this one that we never stand the test of the day..GodSaveUs

Anonymous said...

Senate only know how to reject with their sentiments. Look at the issue without bias.

Charles

Harbolarkale Niyi said...

I said it that recommendation will create more for FG than good. It can't work