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Foreign exchange market: A decree relating to currency flows soon to be in force

02/07/2021
Categories: Index/Markets

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The report of the Council of Ministers announced the draft decree on the outflow and repatriation of foreign currency. New regulations relating to currency flows will be published and put into effect. In 2018, the Ministry of Economy and Finance (MEF) put in place a circular relating to foreign exchange allocations to put an end to the abuse and flight of capital, encouraging money laundering. According to the report of the Council of Ministers, this circular will be converted into a decree. In addition, the MEF was asked to define new regulations on the obligation of repatriation of foreign currency.

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