Cbk forex kenya

Cbk forex kenya

Posted: alones Date: 02.06.2017

CBK Exchange Rates

It looks like your account doens't have access to view this content. You'll need to subscribe or login to do that The Central Bank has issued a circular curbing the volume of daily foreign exchange trading by banks in a move aimed at limiting speculative trading on the shilling.

Kenyan Shilling(KES) Exchange Rates Today - Kenyan Shilling Currency Converter - FX Exchange Rate

Commercial banks say that the move will significantly reduce the volume of business they can undertake on a single day. CBK requires banks to keep their forex exposure at below 10 per cent of their core capital.

cbk forex kenya

Currency dealers contacted by the Business Daily complained that the directive may force them to turn away large business in fear of contravening the requirement.

The Kenya Bankers Association said it was yet to receive any complaints from cbk forex kenya members regarding the CBK circular.

Forex Bureaus - CBK

The Central Bank how much money do custodians make been battling to keep the shilling from forex certification in india further, having lost 11 per cent to the dollar since the beginning of the year to trade at Sh Weak shilling sends CBK back to the drawing board.

CBK attributed the slump of the shilling to speculative trading and has stated that it will not let such activity to impact on the local currency again.

The cbk forex kenya cover is currently at 4. Pressure to remain compliant with the import cover requirement is likely to push the government to tap the Sh63 billion standby credit facility available from International Monetary Fund.

cbk forex kenya

Economy News Corporate Lifestyle Opinion Markets Menu. By GEORGE NGIGI, gngigi ke.

Rates - CBK

Banks say that the move will significantly reduce the volume of business they can undertake on a single day. Also Read News Treasury faces huge pension load in July News Fintechs offer cheapest UK-Kenya diaspora cash Markets Crown to buy-back shares through CMA.

cbk forex kenya

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