CBN: No plans to convert $30bn domiciliary deposits to naira

The Central Bank of Nigeria, CBN, has denied planning to convert $30bn domiciliary deposits to naira.

The Nation reports that there had been reports that in a bid to rescue the naira, the Federal Government and the CBN were considering converting domiciliary accounts to naira.

 

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But the CBN debunked these ‘fake news’ on its official X page.

It said: “No plans to convert $30bn domiciliary deposits to naira. This news is fake!”

 

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