Regulatory Alerts2018-12-27
National Bank of Rwanda Regulation No. 2310/2018 on Foreign Exchange Exposure Limits
The National Bank of Rwanda mandates that all banks maintain their overall foreign exchange risk exposure within ±20% of core capital, measured using spot mid-rates and the shorthand method. Banks must absorb any excess net open position within two business days, ensure single-currency exposures remain individually compliant with the overall limit, and refrain from artificial transactions with related parties to meet these thresholds. Daily calculations, robust documentation, and prompt correction of non-compliant exposures are required to avoid administrative sanctions.
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