The SOT team along with local police seized all the foreign currency
and two mobile phones from the person.
It was a long pending demand of the foreign currency
exchange companies to make the SPB representatives a part of the raid team, as the SBP better knows working of the exchange firms.
However, when the psychological atmosphere calmed down, they came out, dropped their US dollars in the market, and this had a remarkable effect on the foreign currency
rate," said Saeedi.
Those who frequently use RCBC's online banking platform can open foreign currency
accounts to also avail of the latest foreign exchange services.
The volume of credits in national currency increased by 47.8 billion soms, while credits in foreign currency
decreased by 45.4 billion soms.
This makes the banking system sensitive to potential shifts in investor sentiment, as these foreign currency
liabilities must be refinanced on an ongoing basis.
"To this end, the export authorisation of foreign currency
issued by the authorised intermediaries in compliance with the provisions of the circular 2016-10 referred to above, to allow non-resident travelers to physically export foreign currency
in application provisions of this circular, cannot apply to an amount exceeding that set by this article," said the BCT in the circular posted on November 30, 2017 on its website.
In April 2016, the central bank had said it planned to introduce a ceiling on total foreign currency
positions - surplus or deficit - of 30 per cent of each bank's capital and reserves.
7, few tax practitioners would have suggested that over-the-counter (OTC) foreign currency
options on "major" currencies should be accorded Sec.
Summary: Ee"Debt and Debt MarketsEe", a quarterly bulletin released by the Lebanese Ministry of Finance, shows that up until end-2015, the lionEe's share of foreign currency
debt continued to be in the form of market issued Eurobonds.
Therefore, macroeconomic conditions do not warrant pricing in foreign currency
for domestic transactions," he said.