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Rank: Member Joined: 11/21/2007 Posts: 152 Location: Nairobi
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I contacted my broker & sent me an extract of my Rwanda CDS showing my dividend deposited in that account in RWF.
I was further advised if I wanted to be paid, I needed to fill a currency conversion consent & ll be effected.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Ilikeyou wrote:I contacted my broker & sent me an extract of my Rwanda CDS showing my dividend deposited in that account in RWF.
I was further advised if I wanted to be paid, I needed to fill a currency conversion consent & ll be effected.
Filled the currency conversion consent and got my money on Friday. But the exchange rate they applied is terrible!!! KES/RWF; 8.20
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:Ilikeyou wrote:I contacted my broker & sent me an extract of my Rwanda CDS showing my dividend deposited in that account in RWF.
I was further advised if I wanted to be paid, I needed to fill a currency conversion consent & ll be effected.
Filled the currency conversion consent and got my money on Friday. But the exchange rate they applied is terrible!!! KES/RWF; 8.20 ... and they took forever to bring the money home. Its like ililetwa na mkokoteni
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:mwekez@ji wrote:Ilikeyou wrote:I contacted my broker & sent me an extract of my Rwanda CDS showing my dividend deposited in that account in RWF.
I was further advised if I wanted to be paid, I needed to fill a currency conversion consent & ll be effected.
Filled the currency conversion consent and got my money on Friday. But the exchange rate they applied is terrible!!! KES/RWF; 8.20 ... and they took forever to bring the money home. Its like ililetwa na mkokoteni Just to ask, is there any local bank that exchanges RwF? GOD BLESS YOUR LIFE
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Rank: Hello Joined: 6/12/2012 Posts: 8
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I received my dividend cheque today though my broker, they have issue a Kenya Shilling cheque of a local bank, which saves me the bank charges and the issue of the exchange rate.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Hi-Teck wrote:I received my dividend cheque today though my broker, they have issue a Kenya Shilling cheque of a local bank, which saves me the bank charges and the issue of the exchange rate. This was paid on 9th May 2012. It has taken forever to reach you
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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A short week at RSE:
Today - Independence day
Wednesday - Liberation day
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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youcan'tstopusnow wrote:
Just to ask, is there any local bank that exchanges RwF?
Does KCB and Equity handle this? They have subsidiaries in Rwanda. I&M Bank is also heading there
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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mwekez@ji wrote:youcan'tstopusnow wrote:
Just to ask, is there any local bank that exchanges RwF?
Does KCB and Equity handle this? They have subsidiaries in Rwanda. I&M Bank is also heading there Fina Bank has been in Rwanda for years. Much longer than Equity or KCB. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:mwekez@ji wrote:youcan'tstopusnow wrote:
Just to ask, is there any local bank that exchanges RwF?
Does KCB and Equity handle this? They have subsidiaries in Rwanda. I&M Bank is also heading there Fina Bank has been in Rwanda for years. Much longer than Equity or KCB. Equity and KCB do not. Sijui kwa nini. Even Family Bank... GOD BLESS YOUR LIFE
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