XtremeLoaded Forum

Welcome, Guest: Join XtremeLoaded / Login / Trending / Recent / New
Stats: 12,943 members, 4,831 topics. Date:   July 22, 2017, 9:52 am

Travelex sells dollars directly to travellers at N356 - Bank/Money - XtremeLoaded

XtremeLoaded Forum / Bank/Money / Travelex sells dollars directly to travellers at N356 (1 Post | 262 Views)

Don't trust Nigerian Bank ATM Machines Services / MMM Nigeria Support Updates for January 25, 2017 / Revert to 2016 Forex policy of N250, Kano Chamber advises CBN /

(1) (Reply) (Go Down)

Travelex sells dollars directly to travellers at N356 by Everest(m) : 8:52 PM On 2016

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

The firm’s office inside the Murtala Muhammed International Airport, Lagos terminal was besieged by hundreds of travellers.

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

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 traveller 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 travellers, and discourage racketeering.

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

One of them, Mr Uche Ikediashi, stated 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 traveller, Mr Samson Uduak, commended the CBN for the initiative which, he said, had created easy access to forex for travellers.

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.’’

(1) (Reply)

MMM Nigeria Job Recruitment participants and Promoter wanted / Ecobank Annual, Daily spending limits on ATM and POS / Hackers steal up to $1bn from banks /

Viewing this topic: 1 guest viewing this topic

(Go Up)

Xtremeloaded - Copyright © 2017 Collins Ezeakonam. All rights reserved.
Disclaimer: Every XtremeLoaded member is solely responsible for anything that he/she posts or uploads on XtremeLoaded. Contact Us admin (at)xtremeloaded.com