Why Rwanda allows foreign equity traders to use ‘home’ currencies

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Trading activity at the Rwanda Stock Exchange (RSE).

Photo credit: File | Nation Media Group

Rwanda Capital Markets Authority has a new policy that allows the bourse to issue and trade in multiple currencies rather than in the Rwandan franc, as the case has been, to attract and access foreign capital. 

The Multicurrency Denominated Securities Market Segment (MDS), an initiative of the Rwanda Stock Exchange (RSE) allowed by the National Bank of Rwanda, exempts some businesses to transact in dollars without special permission.