StanChart continues FX build-up in Africa
The bank's first kwacha/US dollar transactions followed the introduction of Botswana pula options one month earlier. StanChart also offers Tanzanian shilling options, which were added in June this year, Kenyan shilling and South African rand FX options products.
"We wanted to reactivate the FX options business to differentiate ourselves from our competitors, to show commitment to Africa and to give our clients a better way to manage their risk," said Jean-Michel D'Oultrement, London-based head of
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