Regulatory Alerts2019-09-17
Added · Updated
Foreign Exchange Regulation of December 2023
The Banque de la République du Burundi issued the December 2023 Foreign Exchange Regulation to establish comprehensive rules for currency management and define the responsibilities of authorized intermediaries. The document details operational procedures for banks, exchange bureaus, and payment institutions regarding current account transactions, capital operations, and the maintenance of foreign currency accounts. It further outlines licensing requirements, operational constraints, and specific sanctions applicable to entities conducting foreign exchange activities in Burundi.
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