Maintenance of banking records in declared specified foreign currencies replaces the earlier freely convertible currency requirement for Banking Units. Banking Units must maintain books of accounts, records and documents in the specified foreign currencies declared when applying under Regulation 3. The ... Summary
Maintenance of banking records in declared specified foreign currencies replaces the earlier freely convertible currency requirement for Banking Units.
Banking Units must maintain books of accounts, records and documents in the specified foreign currencies declared when applying under Regulation 3. The requirement replaces the earlier formulation requiring maintenance in a freely convertible foreign currency.
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