Regulatory Alerts2011-06-08
Regulation (NAP) - Foreign Exchange Operations Fee Schedule
The Central Bank of São Tomé and Príncipe establishes a standardized fee schedule for foreign exchange operations with commercial banks, specifying a single EUR 100.00 rate for transfers and zero percent fees for deposits and cash withdrawals. This regulation supersedes Permanent Application Regulation No. 19/2006 under the authority of Law 8/92 and Decree-Law 32/99, taking immediate effect upon issuance on 29 December 2009. The updated fee structure becomes fully operational on 1 January 2010, standardizing cost calculations across all qualifying banking transactions.
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