Regulatory Alerts2020-02-13
Added · Updated
Exchange Control Circular No. 02 - Exchange Control Forms
The Central Bank of Barbados lists and describes five specific Exchange Control forms used by Authorised Dealers and Authorised Depositaries, which may be submitted in physical or electronic format. Form FC (1) permits Authorised Dealers to release foreign currency for advance import payments up to BDS$250,000 under delegated authority, while transactions exceeding this threshold require Bank approval. Form PP allows for periodic payments up to BDS$10,000 under delegated authority, whereas Forms FC, FI, and TR generally require direct Bank approval or specific certification procedures.
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