2023-07-12

Circular 2/2016

The regulatory authority issued Circular 2/2016 to establish a standardized mechanism for regulating the opening of documentary credits. This directive outlines procedural requirements and compliance standards for financial institutions handling letter of credit transactions. The framework aims to streamline trade finance operations and ensure consistent regulatory oversight.

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Circular 2/2016

Year: 2016

Regarding the establishment of a mechanism to regulate the opening of documentary credits.

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