As you are aware, the forex bureau sub sector has experienced rapid growth since it was first established with the number of operating bureaus having increased from 48 in 1998 to 126 as at December 2010. This rapid growth has to do with units in the market and also the volume of their trading. But this has also come with challenges.
While the initial objectives have largely been met, it has become necessary to take stock of achievements and challenges so far. 3. Ladies and Gentlemen: in the last few years, the Central Bank has carried out comprehensive on-site and off-site review of the operations of forex bureaus.