Regulatory Alerts2009-12-31
Regulation (NAP) - Outward Movement of Foreign Exchange from the National Territory
The Central Bank of São Tomé and Príncipe issued this Permanent Application Regulation to standardize the procedures and monetary limits for acquiring, carrying, and exporting foreign exchange from its national territory. The regulation sets a free acquisition and transport limit of 245 million dobra (10,000 euros) for residents and non-residents, while requiring non-residents carrying amounts above this threshold to present original entry declarations or authenticated financial origin documents upon request. Additionally, it establishes a separate 4.9 million dobra (200 euros) limit for national currency carried by travelers, defines specific provisions for emigrants and other payment instruments, and mandates compliance sanctions.
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