Multi-currency Denominated Platform (MCD)

Overview

The Multi-Currency Denominated Platform (MCD) is a new market segment launched by the Rwanda Stock Exchange that enables securities to be issued and traded in multiple currencies, not just the Rwandan franc (RWF). This innovation is designed to attract a broader range of local, regional, and international issuers and investors by giving flexibility in currency choice.

Rwanda Stock Exchange
Multi-Currency Listing & Trading

Enables foreign-currency denominated securities to be listed and traded locally, improving access, diversification, and cross-border participation.

Why It Matters
  • Enables foreign-currency denominated securities — such as USD or EUR bonds — to be listed and traded locally.
  • Reduces foreign-exchange risk for international investors and issuers.
  • Supports Rwanda’s ambition to become a regional financial hub, especially in attracting diaspora and institutional investment.
Who Can Use It
  • Corporates seeking foreign-currency finance
  • Government or quasi-government agencies issuing bonds
  • Investors seeking currency diversification
Key Features
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Multi-currency quotation and settlement
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Supported within existing RSE regulatory framework
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Enhances cross-border capital flow and investor choice
USD EUR RWF