CBN Extends Travel Allowance Processing Period To 120 Days Over Dollar Scarcity

There is an update on foreign exchange purchases for Personal Travel Allowance (PTA), Business Travel Allowance (BTA), and payment of foreign medical bills majorly under the Form A FX application. Initially, the processing time for Form A was within four weeks or a month, but the same application will now take at least 120 days … Read more

Foreign Exchange Fees for Bank Transfers

Research conducted by the influential consumer finance website has found that banks across the Anglosphere are continuing to charge their customers hefty amounts in fees for making international money transfers. Perhaps tellingly, the US banks were the worst offenders levying the highest fees on international bank transfers through a combination of high fixed fees … Read more

15 Worst-Performing Currencies Against US Dollar

The Venezuelan Bolivar, Zimbabwean GRTGS Dollar, Lebanese Pound, Sudanese Pound, and Syrian Pound are the top five worst performing currencies against the US Dollar. In a recent currency watchlist by a professor of applied economics at Johns Hopkins University in Baltimore, Steve H. Hanke measured the depreciation of some currencies around the world from January … Read more