Regulatory Alerts2022-10-27
Added · Updated
Circular dated October 27, 2022 regarding updating the response to banks’ inquiries regarding documentary credits
The document updates previous instructions by increasing the exemption threshold for shipments from five thousand US dollars to five hundred thousand US dollars (or equivalent in other currencies) under the regulations governing the cessation of collection document transactions in favor of documentary credits. This revised limit applies to shipments exempted from the earlier decision issued by the Central Bank on February 13, 2022.
Topics
fx
payments
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