Regulatory Alerts2017-06-23
Added · Updated
Central Bank of Tunisia Circular No. 2017-04 to Approved Intermediaries dated June 23, 2017
The Central Bank of Tunisia issued Circular No. 2017-04 to establish the eligibility criteria, opening procedures, and operational rules for Resident Natural Person (P.P.R.) accounts held in foreign currency or convertible dinar. The regulation authorizes approved intermediaries to open these accounts for Tunisians, foreign residents, service providers, and shareholders of exporting entities, while permitting free crediting from abroad and debiting for personal expenses, property acquisition, or business travel. Furthermore, it mandates quarterly reporting via the SED system and requires the conversion of existing special accounts into P.P.R. status by December 31, 2017.
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