Regulatory Alerts2023-03-06
Directive 02/2009 of the National Bank of Rwanda on Cash Withdrawals from Commercial Bank Counters
The National Bank of Rwanda issued Directive 02/2009 to limit daily cash withdrawals exceeding five million Rwandan francs at commercial bank counters. Transactions above this threshold must be processed via crossed cheques or credit transfers for both account holders and third parties. Commercial banks may grant exceptions for valid reasons, provided they report these transactions to the Central Bank weekly.
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