Central Bank of Kenya exchange rates, currency converter and exchange graphic; 101currency.com, special exchange rates page for Kenyan Shilling The Central Bank of Kenya (CBK) has a forex warning to traders and the public against handling unlicensed and unregulated on-line forex sellers. The Financial Markets department compiles indicative foreign exchange rates daily for use by the general public. These rates reflect the average buying and selling rates of the major participants in the foreign exchange market at the open of trade every day, thus providing a good indicator for any interested party on the value of the shilling on any particular day. The CBK press release warns that against “unregulated entities styling themselves as online foreign exchange (forex) brokers and traders”. Further stating that these fraudulent brokers “seek to exploit Kenyans and pose Money Laundering and Financing of Terrorism risks to the financial sector” . Forex The exchange rate released by the Central Bank of Kenya is an indicative rate, meant to help those exchanging currencies gauge the value of the shilling on any given day. The Central Bank does not set the exchange rate; it is determined by the market, or supply and demand.
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Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. CBK governor Patrick Njoroge hit out at commercial banks,traders for causing panic in forex market - Duration: 2:53. In this video we explain what the middle price (mid) and natural price (nat) are and where to see them on your thinkorswim desktop software. We also discuss ... Absa Bank Kenya has been suspended from Forex trading for seven days by the Central Bank of Kenya. CBK has ordered the bank to stop foreign exchange transactions from today up to the April 15th ...