The National Bank of Rwanda is mandated to manage foreign currency. It is through this mandate that the National Bank of Rwanda is in charge of regulating and supervising Forex Bureaus to ensure that their complying with laws and regulatory requirements.
The primary activity of Forex Bureaus business is the buying and selling foreign currencies. It is in this context that no individual or a company is authorized to transact in foreign currencies unless it is licensed by National Bank of Rwanda.
Any person who sells or exchanges the national or foreign currency illegally commit a crime and is sentenced in accordance with the penal code provisions.
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