Regulatory Alerts2025-02-18
Decision on Terms and Conditions of Performing Foreign Payment Transactions
The Governor of the National Bank of Serbia issued this Decision to establish the terms and conditions for effecting payments, collections, and transfers in foreign exchange and dinars under current and capital transactions. It mandates that such transactions be executed through authorized banks using specific payment orders, while allowing exceptions for SEPA area payments and electricity market settlements. The regulation further defines strict timelines for beneficiary notifications, requirements for supporting documentation, and obligations for banks to maintain accurate statistical data and utilize modern telecommunications systems.
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