Regulatory Alerts2023-12-29
Most Frequent Questions About the Application of Regulations on Foreign Exchange Operations Under the National Bank of Serbia
The National Bank of Serbia issued this document to clarify the application of the Law on Foreign Exchange Operations regarding resident status, current transactions, and capital flows. It specifies that residents gain non-resident status only after residing abroad for over a year and outlines strict rules for transferring claims, prohibiting pledges on local resident claims in favor of non-residents. Furthermore, it details regulations for direct investments, securities purchases, and foreign credit operations, including restrictions on dinar loans and collateral requirements for non-residents.
Share