I was greeted with one of the most relieving news of the year today "The limit on the domiciliary account has been lifted." No doubt that cryptocurrency has helped in place of a domiciliary account for cross-border payments, but certainly not in the area of savings in the USD with confidence, that's at least for me as the security of my money is important.
The removal of the limit on our domicilliary account placed by Emefiele's led administration from $5000 spendable monthly limit to $10,000 daily limit to enable smooth & enabling environment for Forex trading is a welcome development that we surely going to benefit from and help our economy grow at large. Because from research and what I got from online, I was made to understand that this new policy was made so as to promote transparency, liquidity, and price discovery in the FX market in order to improve FX supply, discourage speculation, enhance customer confidence and ensure overall stability in the FX market. And a complete update can be seen in the link below
https://www.google.com/amp/s/punchng.com/cbn-removes-saving-withdrawal-limits-on-domiciliary-accounts/%3famp