Regulatory Alerts2015-09-21
Regulations Modifying and Complementing Foreign Exchange Operations
The National Bank of Rwanda issues Regulations No. 004/2015 and No. 005/2015 to modify foreign exchange operations and exposure limits for financial institutions. Regulation No. 004/2015 authorizes resident banks to extend foreign currency loans to residents and non-residents under Governor-determined conditions, while Regulation No. 005/2015 establishes risk exposure limits measured via spot mid-rates and the shorthand method, allowing individual banks to set single-currency thresholds within Central Bank directives. Both regulations repeal inconsistent prior provisions and take effect upon publication in the Official Gazette.
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