ABCON wants CBN to sustain robust FX policy in 2020.

The President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, on Thursday urged the Central Bank of Nigeria (CBN) to sustain its robust foreign exchange policy in 2020.

According to Gwadabe, the stability of the naira in the past months “was attributable to the doggedness of the CBN in maintaining a robust foreign exchange policy”.

He noted that the FX policy had impacted positively on the economy, thus, boosting investors’ confidence.

According to him, the past 30 months till now has witnessed adequate supply of forex in the market.

Gwadabe, who spoke in an interview with News Agency of Nigeria (NAN) said: “For 2020, the robustness of the FX policy in 2019 should be sustained, adding that “The CBN should continue to be proactive in its policy formulation and direction.”

Gwadabe urged the apex bank to continue to sustain the Import and Export (I&E) window and the BDC subsector as they play critical roles in making FX available.


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