Regulatory Alerts2017-01-12
Added · Updated
FE Circular No. 01: Issuance of International Debit/Prepaid Cards for EPZ and EZ Enterprises
Authorized Dealers may issue International Debit or Prepaid cards to up to three top-tier officials of enterprises located in Export Processing Zones (EPZs) and Economic Zones (EZs) against balances held in foreign currency accounts. This facility is limited to one card-issuing bank per enterprise and supplements existing provisions for exporting firms. Other instructions under Chapter 19 of the Guidelines for Foreign Exchange Transactions-2009 and FE Circular 22 remain unchanged.
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