Regulatory Alerts2016-03-17
Added · Updated
Codification of Foreign Exchange Operations
The Central Bank of the Congo mandates that banks cease withholding the CCA on the foreign exchange control fee and adds an "Others" code for recording income and capital flows. These amendments, along with the requirement to use the end-of-period exchange rate for national currency tables, become effective on November 1, 2002. The document also outlines administrative instructions for the calculation, transmission, and penalties related to the foreign exchange control fee, as well as procedures for submitting statistical data on foreign exchange operations.
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