Did Cardoso’s CBN Ban Use of Foreign Currencies in Local Transactions?

StechiteGist Media reports the claim that the Central Bank of Nigeria (CBN) recently banned the use of foreign currencies in local transactions.

The article points out that the statement in question was actually uploaded to the bank’s website on April 7, 2015, during the tenure of Godwin Emefiele as the governor of the bank.

 

Therefore, the claim that the CBN recently banned the use of foreign currencies in local transactions is false.

 

 

 

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