CBN Mandates DMBs to Buy and Sell Forex to Travellers Over the Counter
In order to ensure that eligible travellers are able to access foreign exchange and make liquidity available in the market, the Central Bank of Nigeria (CBN) wishes to make the following release:
All Deposit Money Banks (DMBs) are mandated to buy and sell foreign exchange to travelers (both customers and noncustomers) upon presentation of relevant, valid travel documents such as visa and ticket OVER THE COUNTER. All travellers shall be attended to immediately at the banks’ counters. Any contravention shall be sanctioned by the CBN.

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