Regulatory Alerts1997-12-04
Exchange Control Act
The Government of Barbados enacted this Act to regulate the flow of capital and foreign exchange through the establishment of the Exchange Control Authority. The legislation mandates the surrender of gold and specified foreign currency to authorized dealers and restricts payments made to or from persons resident outside Barbados. It further imposes strict controls on the issuance, transfer, and holding of securities, as well as restrictions on the import and export of goods to protect the national economy.
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