Fifth, the banks are permitted to borrow or invest abroad only up to 15 per cent of their net unimpaired capital. The authorised dealers (apart from a few money changers) on foreign exchange are almost always banks, whose exposures, open positions etc. are closely monitored.
In this regard the Central Bank’s 2018 membership in the global Alliance for Financial Inclusion (AFI), will yield returns in terms of how we build capacity to regulate and create more enabling frameworks to spur beneficial developments in the Fintech space.