Regulatory Alerts2025-10-15
Circular Letter No. CC/2025/00000019
The Bank of Portugal issued Circular Letter No. CC/2025/00000019 to disseminate the application of ECB Guideline (ECB/2006/10) regarding the exchange of banknotes after the irrevocable fixation of exchange rates related to the introduction of the euro. This directive specifically addresses the operational requirements for the introduction of the euro in Bulgaria effective January 1, 2026. The regulation mandates compliance from credit institutions, electronic money institutions, payment institutions, and financial companies to ensure proper handling of currency exchanges during this transition.
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