2015-07-24

Banking Circular No 10 of 2015 - Interbank Foreign Exchange Market

The Central Bank of Kenya has announced changes and clarifications related to inter-bank market operations, aiming for efficiency and transparency in the foreign exchange market. Effective immediately, minimum trade value is set at USD 500,000, trading hours are from 8:30 AM to 4:30 PM Monday through Friday, and the maximum spread between indicative two-way quotes should not exceed KES 20 cents. Additionally, banks must reflect their most current rates on Reuters' or Bloomberg's screens during trading hours.

Kenya

Central Bank of Kenya

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