Dollar crisis: 313 Bureau de Change asks FG to set up forex committee

Managing Director, CEO of 313 Bureau de Change, Alhaji Murtala Bashir, has stressed the need for a collective effort to ensure naira stability at the Forex Market in Nigeria. Bashir in a statement, Friday 10th November 2023, in Abuja said, the Federal government and the Central Bank of Nigeria, CBN should as matter of urgency […]

Managing Director, CEO of 313 Bureau de Change, Alhaji Murtala Bashir, has stressed the need for a collective effort to ensure naira stability at the Forex Market in Nigeria.

Bashir in a statement, Friday 10th November 2023, in Abuja said, the Federal government and the Central Bank of Nigeria, CBN should as matter of urgency constitute a strong committee to monitor and ensure the stability of the naira against the dollar at the Forex Market.

He said the committee should include representatives of the Federal government, CBN, Commercial banks Business men, Bureau de change EFCC and security agencies.

According to to Alhaji Bashir, the committee should be saddled with the responsibility of monitoring the FOREX Market and at the same advise the government on any problem observed and come up with a solution to resolve it.

The Managing Director 313 who commended CBN on its efforts toward stabilising the naira at Forex Market observed that restoring transparency and engendering investors confidence are the next step if Nigeria must unlock Dollar flows needed to support the naira.