Association of Bureau De Change Operators has said it would commence what it called ‘Operation No Street Trading’ to stop the hawking of foreign exchange by BDC operators.
The President, ABCON, Alhaji Aminu Gwadabe said this was part of the resolutions made unanimously by BDC directors at the meeting of the operators on Tuesday in Lagos.
A copy of the resolutions which was obtained by our correspondent on Wednesday said, “All operators to collaborate in bringing down the forex rates in the market; street trading by BDC should be discouraged/banned and ABCON will commence operation ‘no street trading’.
“BDCs should improve return rendition to regulatory authorities; margin review to meet operational requirements; widening the scope of transactions; digitalisation of BDC operations, the statement said.