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 above forex rates are from the Central Bank of Kenya (CBK), they are compiled and updated daily on this page and they are also available on the CBK website.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 . CBK-regulated Forex brokers follow a set procedure for complaints. Your first port of call with any complaints will be to try and resolve the issue by contacting the company concerned. If you are unable to find an amicable solution to the problem, it is possible to contact the Consumer Protection Unit, which is run by the CBK. 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. 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” .
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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. 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS 961,168 views. 37:53. 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 ...