Bureau de change operators in Adamawa State are rejecting foreign currencies from customers due to growing uncertainty in the parallel market.
Some of the money changers interviewed at Jimeta Modern Market in Yola said they were apprehensive over the sudden and continued crash of the dollar which destabilized the parallel market.
The chairman, bureau de change operators association in Adamawa State, Lawan Mai Yasin, said the traders incurred heavy losses after they bought a dollar at around N870 from sellers before it suddenly crashed to N680.
He explained that many traders were wary of the situation which still looked bleak for the parallel market and decided to hold on and monitor the trend to avoid further losses.
