Regulatory Alerts2016-02-29
Added · Updated
Regulation No. 003/09 on the Schedule for Foreign Exchange Purchase and Sale Operations via Tender
The Central Bank of the Congo establishes an indicative schedule for foreign exchange purchase and sale operations via tender, specifying that announcements occur on Fridays, submissions are made on the second and fourth Mondays of each month at 13:30, and results are published by 15:00 on the same day. The Bank reserves the right to convene additional tender sessions if daily USD/CDF exchange rate fluctuations exceed a 1.5% margin. This schedule is valid for one year and renews by tacit agreement upon expiration.
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