Regulatory Alerts2024-06-03 | CIEX N° 13/2024Added · Updated
CIEX No. 13/2024: Importation of USD on Behalf of Financial Intermediation Entities
Financial Intermediation Entities (EIFs) must submit a written request for USD imports of at least USD 500,000 to the International Operations Management and register the request in the BCB's Foreign Exchange Operations System (SIOC) with the concept "Importation of USD". Simultaneously, EIFs must instruct transfers from their own foreign accounts to the BCB's foreign account, and withdrawals from BCB vaults are permitted starting on the fifth business day after the request is submitted. Service commissions are debited from the EIFs' national currency current and reserve accounts according to the BCB's fee schedule.
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