2015-07-21

Banking Circular No 9 of 2015 - Compliance with the Prudential Guideline on Foreign Exchange Exposure Limits - CBK-PG-06

The Central Bank of Kenya (CBK) has issued Prudential Guideline on Foreign Exchange Exposure Limits, setting the limit at 10% of an institution's core capital. This guideline also highlights the need for intra-day foreign exchange risk exposures to be maintained within prudent limits set by a bank's board of directors in a written policy. The purpose of this circular is to reiterate compliance and clarify that intraday foreign exchange limits should not exceed 10% at any time during the day.

Kenya

Central Bank of Kenya

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