Regulatory Alerts2023-07-12
Circular 12/2012 Regarding the Cancellation of the 25% Cash Guarantee on External Remittances for Importing Goods and Production Means
The Regulator issued Circular 12/2012 to cancel the mandatory 25% cash guarantee on external remittances allocated for importing goods and production means. This cancellation applies to all qualifying foreign currency transfers previously subject to the guarantee under Circular No. 4/2012. Importers are no longer required to withhold the specified cash reserve, effectively reducing liquidity constraints and streamlining foreign exchange disbursements.
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