Regulatory Alerts2009-12-31
Regulation (NAP) - Fixation of the Exchange Rate
The Bank of São Tomé and Príncipe fixes the euro purchase exchange rate at 24,500 dobras effective January 1, 2010 through this Permanent Application Rule. It requires financial institutions to apply this specific rate, subjecting any deviations to statutory sanctions under Decree-Law No. 32/99 and NAP No. 011/2009. The regulation formally establishes the binding exchange rate framework and takes immediate effect upon publication.
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