Regulatory Alerts2025-10-20
Added · Updated
Circular on Currency Requirements for Bank Deposit Certificate Funds Used for Company Capital
Banks must credit funds released from bank deposit certificates used for establishing, fully or partially paying, or increasing a company's issued capital into the company's accounts in the same currency recorded in its commercial register and articles of association. This requirement applies to amounts released from certificates issued pursuant to the periodic letter of March 24, 2003 and subsequent letters. The directive mandates adherence to this currency matching rule for all relevant transactions.
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