Maintenance of banking records requires Banking Units to use the freely convertible foreign currency declared in their application. Banking Units must maintain books of accounts, records and documents in the freely convertible foreign currency declared at the time of making their ... Summary
International Financial Services Centres Authority (Banking) Regulations, 2020
Maintenance of banking records requires Banking Units to use the freely convertible foreign currency declared in their application.
Banking Units must maintain books of accounts, records and documents in the freely convertible foreign currency declared at the time of making their application. This requirement governs the currency in which core accounting records and related documentation are maintained.
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