Godwin Emefiele, the governor of the Central Bank of Nigeria, CBN, on Tuesday, August 9, 2016 said there has been an agreement with the Pilgrim’s Commission to sell the Hajj dollar at N197 long before the latest adjustments in the FOREX market.
The Central Bank, last week directed authorised forex dealers in Nigeria to sell dollars at a concessionary exchange rate of N197 for Muslim pilgrims going on the 2016 Hajj based on an approval by the federal government of Nigeria.
“Each pilgrim is entitled to purchase a minimum of $750 and maximum of $1,000 as PTA,” the CBN circular, obtained by The Trent, said.
“The federal government has approved that intending pilgrims are to be sold the PTA at a concessionary exchange rate of 197 Naira to the US dollar.
“No commission shall be charged by the banks for the sale of the PTA to the intending pilgrims,” the statement read.
