Branch location flexibility for authorised money changers relaxes metro/non-metro ratio allowing diversified branch placement to meet tourist and customer needs. The Reserve Bank removes the 1:1 metro to non-metro office ratio for authorised money changers, granting greater discretion over branch location while expecting diversified branches to meet tourist and customer demand; other instructions remain unchanged and non-compliance may attract penal provisions under the foreign exchange statutory framework.
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Branch location flexibility for authorised money changers relaxes metro/non-metro ratio allowing diversified branch placement to meet tourist and customer needs.
The Reserve Bank removes the 1:1 metro to non-metro office ratio for authorised money changers, granting greater discretion over branch location while expecting diversified branches to meet tourist and customer demand; other instructions remain unchanged and non-compliance may attract penal provisions under the foreign exchange statutory framework.
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