Regulatory Alerts2021-05-12
Added · Updated
Circular 119 on Foreign Exchange Operations
Circular 119 mandates that foreign exchange intermediaries in Haiti maintain a zero end-of-day currency position, requiring all daily purchases to be sold by close of business. It establishes reporting obligations via the SIF module, sets a HTG 350,000 threshold for non-cash transactions, and imposes specific penalties for inaccurate reporting (30% of the difference), late submission (HTG 50,000 per day), and overdrafts at the central bank (0.1% per day). The circular applies to all intermediaries except banks and entered into force on June 1, 2021.
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