SENATE RESPONDS TO CBN’S MOVE TO PUNISH PEOPLE FOR OWNERSHIP OF DOLLARS AND OTHER FOREIGN CURRENCY

SENATE RESPONDS TO CBN’S MOVE TO PUNISH PEOPLE FOR OWNERSHIP OF DOLLARS AND OTHER FOREIGN CURRENCY

SENATE RESPONDS TO CBN’S MOVE TO PUNISH PEOPLE FOR OWNERSHIP OF DOLLARS AND OTHER FOREIGN CURRENCY

The senate said it will reject the proposal by Central Bank of Nigeria to punish people for hoarding dollars and other foreign currency, which leads to speculation and volatile exchange rate.

Read the senate’s position below:

SENATE RESPONDS TO CBN’S MOVE TO PUNISH PEOPLE FOR OWNERSHIP OF DOLLARS AND OTHER FOREIGN CURRENCY
SENATE RESPONDS TO CBN’S MOVE TO PUNISH PEOPLE FOR OWNERSHIP OF DOLLARS AND OTHER FOREIGN CURRENCY
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