Bureau De Change operators in Kano have complained over the scarcity of dollars from the Central Bank of Nigeria (CBN).
Alhaji Mustapha Mohammed, the Treasurer of the Forex Dealers Association, made the complaint in an interview with the News Agency of Nigeria (NAN) on Thursday in Kano.
“For the past 10 years, this is the worst year of high scarcity of dollars since people now prefer to do business and save money in dollars,’’ he said.
He explained that in the previous dispensation, dealers used to get 100,000 dollars per week from the CBN, pointing out that only 15,000 dollars per week was being provided.
According to him, there are a lot of customers who come to look for the dollars but cannot get it due to the current scarcity.
“At times we have many foreigners from China, India and other countries who come to do business with us,’’ he said.
Mohammed, who attributed the rise in the exchange rate to the fall in the price of oil, lamented that the dollar was now being sold at N188 as against N165.
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