The bank disclosed this in a circular to all authorised dealers and the public from its Trade and Exchange Department, which was posted on its website on Thursday.
The CBN said the Federal Government approved a maximum purchase of 1, 000 dollars PTA to each pilgrim in respect of the 2015 Christian pilgrimage to Israel, Rome or Greece.
It said that the Federal Government had approved the purchase of a maximum at a concessionary exchange rate of N160 to the dollar by each intending pilgrim.
It also said that the Chairman or Secretary of each state pilgrim’s board would be allowed to sign and collect the PTA on behalf of the intending pilgrims.
The bank said that this would only be after due identification such as presentation of the approval list and valid passports of the pilgrims listed against the state.
“Consequently, each pilgrim travelling to Israel is entitled to maximum of 750 dollars, while those going to Israel/Rome or Greece are entitled to maximum of 1,000 dollars.
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