2016-10-19

Banking Circular No 11 of 2015 - Interbank Foreign Exchange Market

The Banking Circular No. 11 of 2015 clarifies the following regarding the interbank foreign exchange market: a) The minimum amount for trading in the interbank market is USD 500,000 and applies to all trades executed by inter-dealer brokers; b) Banks wishing to trade smaller amounts may do so on a "market taker" basis and these trades will not be considered as interbank; c) Prices quoted by banks in the interbank market are good for USD 500,000.

Kenya

Central Bank of Kenya

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