An informative interview. What we must distinguish here is ‘money’ the commodity and money in circulation. When you exchange the Naira into the Dollar or Pound you are taking money out of circulation(Naira) and storing them in the foreign currencies for you cannot spend the Dollar or Pound so realized in the local market. Remember the CBN is running like a chicken with its head-off chasing to steady and ultimately stabilize, the exchange rates in these transactions. And we know that the regulation here does not completely ban the Dollar/Pound straight deposit in the domiciliary accounts for it stated, that such businesses could be done by wire only. The move is to keep tab on the volume of the foreign currencies, particularly the significant ones relative to what is happening at home economically, the battered Naira and the dominating Dollar/Pound specifically and the rest concerned. The Banks need not kick against it because the CBN is using the policy to benefit our Foreign Reserve positions, control and efficient dealings in the parallel market. Where do we count the over $1billion Dollars in the Vaults? Obviously not as a component of our Foreign reserves! What the Banks can do is co-operate. They will sure have their charges and fees as the case may determine. The whole effort is geared towards strengthening the Naira. Who’ll not be happy when you can spend your Naira in the Capital cities of the World priced comfortably with the currencies in such destinations? It is not far fetched when we work in unity of purpose. That these policies are harsh, do not make them so over time as far as the effects are periodically, carefully and honestly evaluated. So we have to live with it for now.