Regulatory Alerts2018-03-12
Exit of Banknotes and Coins from the National Territory
The Central Bank of São Tomé and Príncipe issued Permanent Application Norm No. 06/2018 to regulate the exit of national banknotes and coins beyond its territory. The norm establishes a free export limit of five examples per denomination for travelers, totaling 1,944 new Dobras or 945 thousand old Dobras, while capping resident and non-resident foreign exchange carry-out at 245,000 new Dobras (or 10,000 euros). It mandates that non-residents exceeding this threshold provide proof of entry with equivalent funds and revokes the previous NAP No. 21/2009 to strengthen legal control mechanisms against counterfeiting and unauthorized capital flight.
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