2011-06-08
Added · Updated
The Central Bank of São Tomé and Príncipe establishes a standardized fee schedule for foreign exchange operations with commercial banks, specifying a single EUR 100.00 rate for transfers and zero percent fees for deposits and cash withdrawals. This regulation supersedes Permanent Application Regulation No. 19/2006 under the authority of Law 8/92 and Decree-Law 32/99, taking immediate effect upon issuance on 29 December 2009. The updated fee structure becomes fully operational on 1 January 2010, standardizing cost calculations across all qualifying banking transactions.
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| Central Bank of S. T. P. | N A P PERMANENT APPLICATION REGULATION | CODE OG 01 |
|---|---|---|
| PROPOSER(S) D.O.G. | EFFECTIVE DATE 01/01/2010 | ISSUANCE DATE 29/12/2009 |
Since it is necessary to define the Central Bank's fee schedule for foreign exchange operations conducted with commercial banks, within the competence granted by Law 8/92 combined with Article 6 of Decree-Law 32/99, the Central Bank determines the following:
Article 1
Fee Schedule
| Type of Operation | Commission / Rate (%) | Minimum Limit | Maximum Limit |
|---|---|---|---|
| 1. Transfer Abroad | Single Rate - EUR 100.00 | ||
| 2. Deposits | 0% | ||
| 3. Foreign Currency Cash Withdrawals | 0% |
Article 2
Revocation
Article 3
Effectiveness
Central Bank of São Tomé and Príncipe, on 29 December 2009
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Source: Banco Central de Sao Tome e Principe — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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