2023-03-22 | 597229611

Banking Circular No.1 of 2023 - Issuance of the Kenya Foreign Exchange Code

The Central Bank of Kenya has issued the Kenya Foreign Exchange Code (FX Code) to commercial banks, aiming to strengthen the integrity and functioning of the country's FX market. Derived from the Global Foreign Exchange Code, the FX Code sets out principles and best practices for ethical and efficient FX market operations. Banks are required to assess their compliance with the FX Code and submit implementation plans to the Central Bank of Kenya by specified deadlines.

Kenya

Central Bank of Kenya

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