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of <h1>Banks Must Provide Regular ACU Dollar Statements Per Foreign Exchange Management Act Sections 10(4) & 11(1) to Prevent Issues.</h1> All Category - I Authorised Dealer Banks are instructed to issue regular ACU Dollar account statements to their foreign counterparties to align with international best practices and prevent reconciliation issues. Statements should be provided whenever a transaction occurs and on a monthly basis. These instructions are issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, without affecting any other legal permissions or approvals that may be required.
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