News and developments
Banking & Finance: New Bna Instructions On Exchange Rate Policy
INSTRUCTION NO. 01/2018
- Establishes, among other provisions, that the sale and purchase of foreign currency shall be carried out through auctions, via the SGMC, and also defines the access requirements for participation of Commercial Banks in these auctions and the procedures they should observe in this regard.
- This Instruction, which entered into force yesterday, repeals Instruction no. 10/2105.