Monthly summary of foreign currency notes: itemised purchases, purpose coded sales, computed closing balance, and official certification. Form FLM 8 compels Authorised Dealer Category II entities to record monthly foreign currency note transactions by currency, showing opening balance, ... Summary
Monthly summary of foreign currency notes: itemised purchases, purpose coded sales, computed closing balance, and official certification.
Form FLM 8 compels Authorised Dealer Category II entities to record monthly foreign currency note transactions by currency, showing opening balance, purchases from public, RMCs/FFMCs/ADs and agents, aggregated total purchases, and sales classified by specified purpose codes leading to a total sales figure; the closing balance is computed as opening balance plus total purchases minus total sales, and the statement must be certified by an authorised official in accordance with Exchange Control Regulations.
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