The Cen­tral Bank said it has im­ple­ment­ed tar­get­ed ini­tia­tives aimed at im­prov­ing the ef­fi­cien­cy, trans­paren­cy and dis­tri­b­u­tion of for­eign ex­change in the lo­cal mar­ket over the past two months.

The fi­nan­cial reg­u­la­tor and banker to the gov­ern­ment made this state­ment on Wednes­day, in re­sponse to ques­tions from Guardian Me­dia.

The Cen­tral Bank said the ini­tia­tives al­so ad­dressed the in­creased de­mand for US dol­lars as­so­ci­at­ed with the Ju­ly-Au­gust va­ca­tion pe­ri­od and over­seas ed­u­ca­tion-re­lat­ed pay­ments.