The financial markets department predominantly is responsible for managing the country`s foreign currency assets commensurate with three investment objectives namely; capital preservation, liquidity and income generation. The division also issues short and long term government debt securities via open market operations to contribute to the bank`s monetary policy framework. This entails the structuring, auctioning and settlement of short & long dated securities.
The financial markets department is divided into three units namely; front office which is tasked with mainstream investing of reserves; middle office which oversees the investment process through risk management, compliance monitoring and reporting; and back office which offers auctioning of government security services as well as settlement of investments.
The operations of this department also assist to drive the implementation of the country's FSDIP to achieve financial inclusion targets.
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