GTB announces resumption of foreign currency cash deposits


Guarantee Trust Bank became the first bank to announce the resumption of foreign cash deposits on Monday after the Central Bank of Nigeria unveiled the new policy.

The Governor of the CBN, Godwin Emefiele, had on Monday in Abuja said the policy of Deposit Money Banks not accepting foreign currency deposits had been set aside.

So also did Emefiele announce that the CBN would no longer sell foreign currencies to Bureau De Change operators.

GTBank, in response to the directive, immediately alerted its customers of the implementation of the directive to commence receiving foreign currency deposits.

In an email to its customers on Monday evening, it said: “We are pleased to inform you that you can now make Foreign Currency Cash deposits into your GTBank domiciliary account(s) at any of our branches from Tuesday, 12th of January, 2016.


“Our resumption of this service is in response to the Central Bank of Nigeria’s (CBN) directive, issued on the 11th of January, 2016, authorizing Commercial Banks in Nigeria to resume acceptance of foreign currency cash deposits.

“We appreciate your patronage and thank you for banking with us.”



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