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BREAKING: No Plans To Convert $30bn Domiciliary Deposits To Naira – CBN Debunks Rumors

Posted by Samuel on Sat 03rd Feb, 2024 - tori.ng

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.

CBN

The Central Bank of Nigeria (CBN) has refuted claims of any intention to convert $30 billion domiciliary deposits into naira.

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.

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!”

Details shortly…



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