“No Plans To Convert $30bn Domiciliary Deposits To Naira” – CBN Debunks Rumors

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The Central Bank of Nigeria (CBN) has denied claims of any plans 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.

The statement read:

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

More to follow…

The post “No Plans To Convert $30bn Domiciliary Deposits To Naira” – CBN Debunks Rumors appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.

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