Rwanda Regulation

Parliament of Rwanda

REGULATION No 005/2015 OF 18/8/2015 MODIFYING AND COMPLEMENTING REGULATION N° 07/2011 ON FOREIGN EXCHANGE EXPOSURE LIMITS

This article is titled as a limit on overall and single-currency foreign exchange risk exposure. This article repeals regulatory provisions that conflict with this Regulation, including Article 5 of Regulation No 07/2011…

currencyforeign exchangeforeign exchange exposure limitsregulationrisk exposure

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01

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“This article is titled as a limit on overall and single-currency foreign exchange risk exposure.”

This article is titled as a limit on overall and single-currency foreign exchange risk exposure. This article repeals regulatory provisions that conflict with this Regulation, including Article 5 of Regulation Nº 07/2011 on foreign exchange exposure limits. This article sets foreign exchange exposure limits for banks and says the National Bank of Rwanda Governor may set those limits by Directive.

02

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Ivanwaho ry’ingingo zinyuranyije

This article repeals regulatory provisions that conflict with this Regulation, including Article 5 of Regulation No 07/2011 on foreign exchange exposure limits.

Section 2

y’amabwiriza rusange n° 07/2011

This article sets foreign exchange exposure limits for banks and says the National Bank of Rwanda Governor may set those limits by Directive.

Section 3

04

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Source record from www.amategeko.gov.rw · updated 18 Aug 2015

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ProvisionRepealCommencement
§ 1Limit on overall and singleProvision

This article is titled as a limit on overall and single-currency foreign exchange risk exposure.

Ingingo ya mbere : TABLE OF CONTENTS TABLE DES MATIERES Article One: Article premier: Ibipimo ntarengwa byerekeranye n’ingorane zaturuka ku mubare w’amadevise yose cyangwa idevise rimwe Limit on overall and single currency foreign exchange risk exposure Limite de la position nette de change dans toute et une seule monnaie étrangère Article One: Limit on overall and single currency foreign exchange risk exposure Article premier: Limite de la position nette de change globale et dans chaque monnaie étrangère
§ 2Ivanwaho ry’ingingo zinyuranyijeRepeal

This article repeals regulatory provisions that conflict with this Regulation, including Article 5 of Regulation Nº 07/2011 on foreign exchange exposure limits.

Ingingo ya 2: Article 2: Article 2: Ivanwaho ry’ingingo zinyuranyije n’aya mabwiriza Repealing of inconsistent provisions Dispositions abrogatoires Ingingo ya 2: Ivanwaho ry’ingingo zinyuranyije n’aya mabwiriza Ingingo zose zibanziriza aya mabwiriza rusange kandi zinyuranyije nayo by’umwihariko ingingo ya 5 y’amabwiriza rusange n° 07/2011 yerekeye ibipimo ntarengwa by’umutungo bwite mu madovize zivanyweho. Article 2: Repealing of inconsistent provisions Article 2: Dispositions abrogatoires All regulatory provisions inconsistent with this Regulation, especially Article 5 of Regulation Nº 07/2011 on foreign exchange exposure limit, are hereby repealed. Toutes les dispositions règlementaires contraires au présent Règlement, spécialement l’Article 5 du Règlement N° 07/2011 relatif à la position nette de change sont abrogées.
§ 3y’amabwiriza rusange n° 07/2011Commencement

This article sets foreign exchange exposure limits for banks and says the National Bank of Rwanda Governor may set those limits by Directive.

Ingingo ya 3: Article 3: Igihe amabwiriza atangira gukurikizwa Commencement Article 3: Entrée en vigueur 12 Official Gazette nᵒ 38 of 21/09/2015 AMABWIRIZA No 005/2015 YO KU WA 18/8/2015 AHINDURA KANDI YUZUZA AMABWIRIZA RUSANGE N° 07/2011 YEREKEYE NTARENGWA IBIPIMO BY’UMUTUNGO BWITE MU MADOVIZE REGULATION No 005/2015 OF 18/8/2015 MODIFYING AND COMPLEMENTING REGULATION N° 07/2011 ON FOREIGN EXCHANGE EXPOSURE LIMITS REGLEMENT No 005/2015 DU 18/8/2015 MODIFIANT ET COMPLETANT LE REGLEMENT N° 07/2011 RELATIF A LA POSITION NETTE DE CHANGE Ishingiye ku Itegeko n° 55 /2007 ryo ku wa 30/11/2007 rigenga Banki Nkuru y’u Rwanda, cyane cyane mu ngingo zaryo iya 44, ya 54, iya 56, iya 57 n’iya 58; Ishingiye ku Itegeko n° 007/2008 ryo ku wa 08/04/2008 y’imirimo y’amabanki, cyane cyane mu ngingo zaryo iya 17, iya 35 n’iya 36; imitunganyirize rigena Pursuant to Law nº 55/2007 of 30 /11/ 2007 governing the Central Bank of Rwanda, especially in Articles 44, 54, 56, 57 and 58; Vu la loi n° 55/2007 du 30/11/2007 régissant la Banque Nationale du Rwanda, spécialement en ses Articles 44, 54, 56, 57 et 58 ; Pursuant to Law nº 007/2008 of 08/04/2008 concerning Organization of Banking, especially in Articles 17, 35 and 36; Vu la loi n° 007/2008 du 08/04/2008 portant Organisation Bancaire, spécialement en ses articles 17, 35 et 36; l’Activité de Isubiye ku mabwiriza rusange rusange n° 07/2011 yerekeye ibipimo ntarengwa by’umutungo bwite mu madovize, cyane cyane ingingo ya 3 n’iya 5 ; Having reviewed the Regulation n° 07/2011 on foreign exchange exposure limits, especially in its Articles 3 and 5; Revu le règlement n° 07/2011 relatif à la position nette de change, spécialement en ses Articles 3 et 5 ; Banki Nkuru y’u Rwanda, yitwa “Banki Nkuru” mu ngingo zikurikira itegetse : The National Bank of Rwanda hereinafter referred to as the “Central Bank”, decrees: La Banque Nationale du Rwanda, ci-après dénommée la « Banque Centrale », édicte: ya mbere: Ingingo ntarengwa byerekeranye n’ingorane zaturuka ku mubare w’amadevise yose cyangwa idevise rimwe Ibipimo Ingingo ya 3 y’amabwiriza rusange n° 07/2011 yerekeye ibipimo ntarengwa by’umutungo bwite mu madovize ihinduwe kandi yujuwe ku buryo bukurikira : Article 3 of Regulation n° 07/2011 on foreign exchange exposure is modified and limits complemented as follows: L’Article 3 du Règlement n° 07/2011 relatif à la position nette de change est modifié et complété comme suit : « Ingingo ya 3: Ibipimo ntarengwa byerekeranye n’ingorane zaturuka ku mubare w’amadevise yose cyangwa idevise rimwe “Article 3: Limit on overall and single currency foreign exchange risk exposure “Article 3: Limite de la position nette de change globale et dans chaque monnaie étrangère 13 Official Gazette nᵒ 38 of 21/09/2015 Ingorane ituruka ku mubare w’amadevize yose gipimwa hakoreshejwe ibiciro ku isoko mu minsi ibiri n’uburyo bubangutse bwa “shorthand method”. The overall foreign exchange risk exposure is measured using spot mid-rates and shorthand method. La position nette de change globale est mesurée au moyen des taux moyens au comptant et de la méthode « shorthand » Igipimo ntarengwa cy’igihombo cyaturuka ku ivunjisha ry’idevize iryo ari ryo ryose hatitawe ku kureba niba amadovize arenze igipimo cyangwa adahagije, iteganywa na buri banki ku giti cyayo hitaweho gusa koko icyo gipimo kitarenga igipimo ntarengwa kigenwa n’amabwiriza ya Banki Nkuru. Guveriniri wa Banki Nkuru y’u Rwanda, akoresheje amabwiriza agena ibipimo ntarengwa bitegetswe byerekeranye n’ingorane zituruka ku mubare w’amadevize yose n’idevize rimwe. Ingingo ya 3: Igihe amabwiriza atangira gukurikizwa Aya mabwiriza rusange atangira gukurikizwa ku munsi yatangarijweho mu Igazeti ya Leta ya Repubulika y’u Rwanda. The foreign exchange risk exposure limit in any single currency, irrespective of short or long position, shall be determined by the individual bank provided that it remains in the limit set in the Central Bank Directive. La position nette de change dans une seule monnaie étrangère, qu’il s’agisse d’une position débitrice déterminée individuellement par chaque banque pourvu qu’elle reste dans le seuil déterminer par la Directive émise par la Bank Centrale. créditrice, est ou The Governor shall by a Directive, determine the exposure limit requirement for both overall and single currency foreign exchange risk. Le Gouverneur par voie d’une Directive détermine la position nette de change globale dans toutes les monnaies étrangères et dans chaque monnaie étrangère. Article 3: Commencement Article 3: Entrée en vigueur This Regulation comes into force on the date of its publication in the Official Gazette of the Republic of Rwanda. Le présent Règlement entre en vigueur le jour de sa publication au Journal Officiel de la République du Rwanda. Bikorewe i Kigali, ku wa 18/8/2015 Done in Kigali, on 18/8/2015 Fait à Kigali, le 18/8/2015 (sé) RWANGOMBWA John Goverineri (sé) RWANGOMBWA John Governor (sé) RWANGOMBWA John Gouverneur 14

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