Regulatory Alerts2019-02-15
Directive 2510/2019-010 of the National Bank of Rwanda Specifying Geographical Areas for Foreign Exchange Bureau Categories
The National Bank of Rwanda issued this directive to define the specific geographical operating areas for foreign exchange bureaus based on their regulatory categories. Category one bureaus are restricted to Kigali City, Rubavu District, and Kamembe within Rusizi District, though they may establish branches nationwide. Category two bureaus operate outside these designated zones but may expand into category one territories or open branches there by satisfying the corresponding minimum capital requirements.
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