Forex bureau business in kenya
Central banks world wide are major players in local and international currency markets as part of their monetary policy role as such, the CBK overseas the state of the forex market in Kenya and. These rates are meant to provide a picture of the performance of the Kenya Shilling in the local and international currency markets at the start of the business day in the capital, Nairobi.
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These rates are only indicative and are not not tradeable meaning that an individual cannot buy currencies at the CBK using these rates or any other rates. For retail customers, the forex bureaus generally provide the best forex rates for cash purchases. Different bureaus provide different rates so it is always a good idea to check with at least 2 bureaus before your transaction.
In addition, rates are negotiable too and you may be able to get a better rate than advertised.
CBK Revokes License of Legacy Forex Bureau
Commercial banks too provide foreign exchange services, for retail services they may not be as competitive as the forex bureaus for small transactions, they are much more competitive for large transactions offering even additional services on top of the exchange. There is no 'stock exchange' for the foreign exchange market. Bluehost WordPress Hosting Prices.
Contacts for immigration offices in Kenya.
Kenya - Apply For a Forex Bureau License
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CBK revokes license of Legacy Forex Bureau
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