Travelex Will Sell $45 million to 3,000 BDC's Today (7th of October)

Travelex Will Sell $45 million to 3,000 BDC’s Today (7th of October)

Global Foreign Exchange Dealer,Travelex will on Friday 7th of October sell about $15,000 to each of the 3,000 registered Bureaux De Change operators in the country.
This means a total of about $45 million will be injected into the forex market on Friday.
Before now, $10,000 each was sold to BDC’s
According to reports, the dollar inflow is sourced from foreign remittances estimated to be about $21 billion annually.
The dollar closed at N306 according to the website of the FMDQ
It closed at about N474/$1 in the black market.

Travelex Will Sell $45 million to 3,000 BDC’s Today (7th of October)