The National Bank of Rwanda (BNR) has responded to the prevailing US Dollar shortage by increasing the volumes and frequency of supply into the market.
The intervention follows dollar shortage in the market that players say has persisted for close to two weeks.
Speaking in an interview, Chantal Kasangwa, the BNR director-general for operations, said they were aware of the shortage.
She said the Dollar demand goes up at a period such as presently due to an increase in economic activity.
“This is why we have increased our intervention volume and frequency. This month, we are on the market twice a week. We are also working with market players to see that there are no cases of malpractices,” Kasangwa said.
Credit: All Africa