2023-08-29 | 1994373053

Banking Circular No 7 of 2023 - Changes to Operations in the Interbank Foreign Exchange Market

The Central Bank of Kenya has announced changes to streamline the interbank foreign exchange market, including revised limits on swap tenors, permitting electronic brokerage systems, and lowering the minimum trading amount to USD 250,000. These changes are effective immediately and aim to improve the market's efficiency. The circular communicating these updates was addressed to the chief executive officers of all commercial banks in Kenya.

Kenya

Central Bank of Kenya

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