Central bank seeks identity of major NSE gold traders

Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | NMG

The Central Bank of Kenya is seeking to know the identity of big traders at the Absa’s gold-backed exchange-traded fund listed on the Nairobi Securities Exchange (NSE) after the counter picked up trades during the Covid-19 pandemic.

The NSE notified traders to provide information directly to the banking regulator and identity of any investor buying gold stock worth more than $10,000 (Sh1.08 million).

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