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Financial Markets | Interbank Foreign Exchange Market

Interbank Foreign Exchange Market

Pursuant to the Decision on Operating Terms and Procedures in the Foreign Exchange Market , trading in the foreign exchange market shall include spot, forward and swap foreign exchange purchases/sales, as well as foreign exchange purchases/sales with the execution date which is earlier than the spot currency date.

Pursuant to the Decision, spot foreign exchange purchases/sales shall mean purchases/sales of foreign exchange against dinars, taking place two business days from the day of conclusion of the purchase/sale agreement, and/or trading date (spot currency date).

Pursuant to the Decision, forward foreign exchange purchases/sales shall mean foreign exchange purchases/sales against dinars on a specified date after the spot currency date.

Pursuant to the Decision, swap foreign exchange purchases/sales shall mean concurrent contracting of foreign exchange purchases/sales against dinars on different execution dates. 

Interbank Trade in the Foreign Exchange Market

Banks shall purchase and sell foreign exchange and foreign cash in the foreign exchange market in line with the Law on Foreign Exchange Operations and the Decision on Operating Terms and Procedures of the Foreign Exchange Market.

Total Interbank Trade in the Foreign Exchange Market

Interbank spot transactions in foreign exchange (euros), and interbank transactions in foreign exchange (euros), with the execution date which is earlier than the spot currency date