Regulatory Alerts2016-12-30
Central Bank of Tunisia Circular No. 2016-10 to Authorized Intermediaries dated December 30, 2016
The Central Bank of Tunisia issued Circular No. 2016-10 to mandate authorized intermediaries to establish and issue personal, non-transferable export authorizations for foreign currency in banknotes or by checks to resident and non-resident travelers. The circular standardizes the issuance process across three identical forms (A, B, and C), specifying permissible funding origins, validity periods of up to two months per trip, and strict reconciliation procedures for unused balances. It further obliges intermediaries to maintain accessible records and requires customs countersignation upon departure, while repealing all conflicting prior provisions.
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