Therefore, the CBN will also offer long term forex futures and sales of forex forwards for end users must be trade-backed as well as introduce non-deliverable OTC forex settled trades to help moderate volatility. Only authorised dealers are allowed to purchase proceeds of forex daily at the interbank rates guidelines of which the CBN says it will introduce to primary dealers on Friday.
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Consequently, interbank trading would begin on Monday, June 20 and tenors and rates for OTC settled forex feature would be announced same day. Lwanga Non-Executive Director. Vivian Ddambya Non Executive Director. Executive Management Mr. Peninnah Kasule Company Secretary. Godfrey Byekwaso General Manager Finance.
BREAKING NEWS:CBN's announces new forex policy -
Joseph Kimbowa General Manager Operations. Joseph Lutwama General Manager Credit. Michael Nyago General Manager Audit.
Frank Kabagambe General Manager Compliance. Reports Annual Report Annual Report Annual report Tariff Guides Tariff Guide Products and Services Agency Banking. Money Transfer.
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