The Procedure for Provision by the Central Bank of Cash Aids to Banks for Purchasing Foreign Currency from Individuals Regulation came into force, the Central Bank said in a statement, hinting to exchange offices will soon start foreign currency exchange operations.
This document establishes the procedure for providing the banks with required amount of cash to buy foreign currency from individuals, their targeted use, timing of settlements as well as list accounting treatments. The procedure established by the Regulation will ensure the uninterrupted operation of exchange offices, as well as smooth and quality customer service.
