 Banks have begun to place new limits on transfers. Domiciliary account holders can make from the cash lodgement, I beg your pardon. The limits range from $5,000 to $10,000. The maximum limit from foreign currency transfers by cash deposits is now $5,000 per month. That means that only a maximum of $5,000 monthly would be allowed for transfers if the source of funds is a cash deposit into a domiciliary account. It was learned that this was in accordance with a 2020 circular of the Central Bank of Nigeria, where accounts are funded by cash lodgements existing regulation will continue to apply. However, a source in another bank told one of our correspondents that the transfer limit was $10,000. The source noted that there was no daily limit of dollars that a person could deposit in the account. According to the source, when huge cash dollar deposits is made, it must also be withdrawn by cash.