Regulatory Alerts1996-01-01
Directive No. 6/DSB/96: Exchange Offices Sale of Travellers Cheques
The Banking Supervision Directorate mandates that all exchange offices submit a weekly report detailing foreign currency sales and passport numbers to the directorate by 10:30 a.m. on Mondays. This reporting requirement covers all transactions occurring on Fridays and implements recent government changes to national exchange policy measures. The directive takes immediate effect and requires the use of an attached standardized template to track beneficiary names, sold currency values, and passport numbers.
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