Regulatory Alerts2015-07-24 | 60162827Added · Updated
Banking Circular No 10 of 2015 - Interbank Foreign Exchange Market
The Central Bank of Kenya has announced changes to inter-bank market operations to promote efficiency and transparency in the foreign exchange market. These changes include a minimum price for inter-bank trade of USD 500,000, specific dealing times, a maximum spread between indicative two-way quotes, and requirements for banks' indicative quotes on Reuters or Bloomberg screens. These regulations are effective immediately.
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