Regulatory Alerts2016-10-19
Added · Updated
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.
More like this from CBK
We email you every new CBK publication the day it's published.
Topics
fx
Share