Regulatory Alerts2012-11-21
Foreign Exchange (Authorised Limit for Hotels) Regulations 2010
The Vice-President and Minister of Finance and Trade issued these regulations to amend the Foreign Exchange Act 2009 by establishing a new authorised limit for hotels. The amended provision sets a fixed allowance of €300 per client per day, directly replacing the previous statutory instrument. Enacted under section 15 of the Foreign Exchange Act, these rules took effect on 15 November 2010 to standardize foreign currency transactions for hotel clients.
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