Regulatory Alerts2020-08-30
Added · Updated
Regulation No. 003/09 on the Schedule for Foreign Currency Purchase and Sale Operations via Tender
The Central Bank of Congo establishes an indicative schedule for foreign currency purchase and sale operations conducted through tender, specifying that bid announcements occur on Fridays, bank submissions take place on the second and fourth Mondays of each month at 13:30, and results are published by 15:00 on the same day. The central bank reserves the right to convene additional adjudication sessions outside this schedule if daily USD/CDF exchange rate fluctuations exceed a 1.5% margin. This regulation remains valid for one year with automatic renewal unless modified by circumstances.
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