Regulatory Alerts2008-01-01
Comoros Central Bank Regulatory Texts 2008
The Central Bank of the Comores issued five circulars in 2008 regulating foreign exchange and banking operations. These directives authorize the Meck network to sell euros to travelers, appoint Exim Bank as an authorized intermediary for international transfers, and establish a transitional period for Exim Bank check formats. Additionally, the regulations impose strict limits on money transfer amounts and mandate the confiscation and authentication of suspected counterfeit banknotes.
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