CBN dismisses rumors about converting $30 billion domiciliary deposits to naira, clarifying there are no such plans in place.

Reports circulated about the Federal Government and CBN contemplating the conversion of domiciliary accounts to naira to support the naira’s stability.

However, the CBN dismissed these claims as ‘fake news’ on its official X page.

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

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By Chinedu

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