Regulatory Alerts1996-06-27
Instruction No. 02/96
The Governor of the Central Bank mandates that all imports utilizing exporter credit be subject to Central Bank analysis, requiring importers to attach the relevant credit terms when submitting files to Commercial Banks. These banks must forward the documentation to the Central Bank for approval and subsequently notify clients that they must fulfill all standard import formalities. This instruction takes immediate effect to ensure optimal control and respect for the country's external financial debt levels.
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