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Rwanda rolls out multicurrency trading to attract global investors

The Central Business District of Kigali, Rwanda. Photo by Andreas @ Pixabay
The Central Business District of Kigali, Rwanda. Photo by Andreas @ Pixabay
  • Rwanda opens stock market to multicurrency trading
  • Move aims to attract more foreign capital

 

KIGALI, RWANDARwanda has approved multicurrency trading on its stock exchange, a shift aimed at reducing forex risks for foreign investors.

The Capital Market Authority’s new directive allows the Rwanda Stock Exchange (RSE) to list, issue and trade securities in multiple currencies for the first time—departing from the long-standing rule that all transactions be denominated in the Rwandan franc.

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