Travelers get dollar for N356

Social sharing

By Solomon Asowata

Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travelers at N356 to a dollar.

The News Agency of Nigeria (NAN) reports that the firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was besieged by hundreds of travelers.

Some Bureau de change operators within the terminal were also selling from N470 to N472 to a dollar to travelers.

Travelex, which recently got the approval of the Central Bank of Nigeria (CBN) to sell dollar, however, gave stringent conditions for the transaction.

The requirements include presentation of valid international passport, visa to destination, Biometric Verification Number (BVN) card, airline boarding pass and signed copy of transaction.

The firm also directed that cash would only be handed over to the traveler at the boarding gate after security and immigration checks.

According to the firm, these conditions are to ensure that dollar is sold to only genuine travelers, and discourage racketeering.

Consequently, some of the travelers were unable to buy dollars from Travelex because they could not produce their BVN cards.

One of them, Mr Uche Ikediashi, told NAN that he was hearing about the card for the first time.

“Yesterday I bought dollars from a BDC at N470. Today I was told that Travelex is selling at N356; that is why I came here, but they said I needed to bring my BVN card and I don’t have it,’’ he said.

Another traveler, Mr Samson Uduak, commended the CBN for the initiative which, he said, had created easy access to forex for travelers.

READ ALSO  Australian woman who wore wigs and sunglasses to trick banks into giving her money walks free from court

Uduak said: “Buying directly from Travelex is very good but the CBN needs to sensitise Nigerians to go and obtain their BVN cards from their banks.’’

NAN

About 9News Nigeria 11064 Articles
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave your comment