Regulatory Alerts2025-08-01
Instruction No. 05 07 2025 on Exchange Rate and Price Risk Coverage by Residents for Commercial Operations
Issued by the regulator on July 7, 2025, this Instruction repeals prior provisions governing exchange rate and price risk coverage by residents for commercial and financial operations with foreign parties. It explicitly replaces Instruction No. 04-07-2011/RFE and establishes August 1, 2025 as the effective date for compliance. The measure mandates that residents maintain adequate risk hedging mechanisms across cross-border commercial transactions, with publication requirements ensuring nationwide regulatory visibility.
7 TITLE V - FINAL PROVISIONS Article 18: Entry into Force This Instruction repeals all prior provisions dealing with the same subject matter, notably Instruction No. 04-07-2011/RFE of July 13, 2011 on the coverage of exchange rate and price risk by residents for commercial and financial operations with foreign parties. It enters into force on August 1, 2025 and is published wherever necessary. Done in Dakar, on July 7, 2025