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A short summary of the exchange control circulars issued by the financial surveillance department on 23 February 2022

With reference to the February 2022 Budget Speech of the Minister of Finance, wherein further exchange control reforms were announced in Annexure F of the Budget Review, the Financial Surveillance Department issued the undermentioned Exchange Control Circulars to amend the Currency and Exchanges Manual for Authorised Dealers in foreign exchange. Short summary of the Exchange Control Circulars issued on 23 February 2022 ....

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