Regulatory Alerts2017-11-28
Added · Updated
Circular dated November 28, 2017 regarding the cancellation of the maximum limits for cash deposits and withdrawals for legal persons working in the import of non-essential goods
The circular cancels the maximum limits for cash deposits and withdrawals for legal persons engaged in importing non-essential goods, which were previously set at $10,000 per day, $50,000 per month for deposits, and $30,000 per month for withdrawals. These limits are abolished effective from the date of the circular, November 28, 2017. Banks are instructed to take necessary action to implement this change.