The recent policy of CBN to ensure adequate foreign exchange liquidity in the markets and for end-users, the Central Bank of Nigeria (CBN) directed banks and other authorised forex dealers to ensure they process and meet customers’ Personal Travel Allowance/Basic Travel Allowance (PTA/BTA) within 24 hours of such applications.
Banks are also to process and meet demands for school fees (including allowances) and medical bills within 48 hours of such applications.
The Director, Financial Markets Department of CBN, Dr Alvan Ikoku, directed forex dealers to open teller points in all locations in order to ensure access to foreign exchange by their customers without any hindrance.
The circular also directed the authorised forex dealers to have electronic display boards in all their branches, showing rates of all traded currencies.
Ikoku, while urging banks and other forex dealers to comply with the directive, however warned that failure to do so would attract sanctions, “including but not limited to being barred from all future CBN foreign exchange interventions”, he said.
He thus urged Nigerians to resist any attempt by vested interests to subvert the current efforts by the CBN and the Federal Government to halt the depreciation of the naira and save Nigerians from further suffering.
“Nigerians, let us rise against those who want to sabotage the current efforts to save the naira by supporting the good decision the CBN has taken”, he said.... However..due to The recent influx of Nigerians wanting to transact their various businesses using the policy...CBN directed all banks to halt the issueing of dollars after accepting applications from interested Nigerians thereby leading to rise in dollar after dropping in recent weeks... God help us in this country...

Your starting paragraph and your conclusion doesn't Corelate abi...

RealLordZeus:
Your starting paragraph and your conclusion doesn't Corelate abi...

The halt is part of the reason why the dollar increased again after dropping miraculously last week