Regulatory Alerts2022-10-10
Additional Note to Circular 118-1
The Bank of the Republic of Haiti mandates that transfer houses must sell their entire daily share of 30% of received transfers to the central bank by the end of each business day. Any unsold balances are automatically purchased by the BRH at the system's average buying rate via direct debit from the institution's account. This requirement applies exclusively to transfer houses incorporated as anonymous societies and is enforced through daily electronic reporting via the BSA application.
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