Gwadabe made the disclosure on Friday during an interview with NAN in Lagos.
He said the sale of dollar by Travelex to BDCs was already impacting positively on the market, sustaining the naira agains at the major segments of the foreign exchange market.
He said that as of 4pm on Friday, Travelex had sold 15,000 dollars each to at least 1,000 BDCs and that the sale was ongoing.
He revealed that in the previous week, it sold 10,000 dollars each to about 850 BDCs.
“Any BDCs selling above N356 to a dollar is an infraction on our agreement and should be reported to the association or law enforcement agents for appropriate sanctions” he said.
Gwadabe said to ensure transparency in dollar sales, ABCON had advised their customers to ensure that the rate at which they bought foreign exchange was stamped on their travelling document.
Since the resumption in the sale of foreign currencies by Travelex, a licensed International Money Transfer Organisation (IMTO), the naira had been on a path of recovery.
The currency had been appreciating at the three major segments of the foreign exchange market, a development that has raised the hope of many Nigerians. PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> How I Made Me =N=2.5 MILLION In 7 Days from 2 Common Product I Imported and how you can do the same. Click HERE FOR FREE Details right now Warning To Men: This 3 Foods Is Killing Your Erection. Click Here To Know Them Secret Fruits that increased my Manhood and makes me last 55 minutes+ all time - Click here to get it Warning: Got Arthritis? 3 Simple Ways To Get Cured And Be Permanently Free From Joint Pains. Click Here To See Them REVEALED!! Reduce Your Blood Sugar Level And Reverse Diabetics Within A Short Period Of Time. Click Here To See How MIDNIGHT,Pressed Mr Kilanko Suddenly Couldn't Urinate. Shrink your Enlarged Prostrate Here! Click Here Now