I was notified by a Friend about what the CBN governer said on Channels tv about Forex (FX) and I scoured the internet looking for comprehensive articles on it and I got it.

Whao, when I read it, I got tired and frustrated because I believe this is the wrong time, but what do I know about Directing a nation right?

So I asked peoples opinion about it and I was even able to get the thoughts of a Banker (Mr Odetayo) and I shared his thoughts also in this Podcast.

Let me know what you think and do you think the Nigerian government will make a change or a reversal to this Policy?

What the Policy is all about :::

1. Any cash that enters as inflow must leave as inflow (i.e. transfer), and you can only transfer to your account, you can't do that to another person. Another option you have is to sell to the bank. 

2. Any money that enters as deposit can only leave by cash withdrawal

3. No account will be able to receive inflow of more than $40, 000 per month