Regulatory Alerts2025-02-18
Decision on Terms and Conditions Under Which Residents May Hold Foreign Exchange in Bank Accounts Abroad
The Executive Board of the National Bank of Serbia issued this Decision to regulate the terms under which residents may hold foreign exchange in bank accounts abroad. It defines specific categories of residents eligible for such accounts without prior approval, while requiring NBS permission for other purposes such as construction financing, tax settlements, and insurance investments. The regulation mandates that approved residents report account details and balances to the NBS and repatriate funds within 30 days when the grounds for holding foreign exchange cease.
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