Foreign exchange access expanded: permitting FFMCs to widen facilities for residents and tourists while promoting service through competition. The objective in permitting FFMCs to conduct money-changing activities is to widen access to foreign exchange facilities for residents and tourists while promoting efficient customer service through competitive market entry, decentralizing retail forex provision and improving consumer outcomes.
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Provisions expressly mentioned in the judgment/order text.
Foreign exchange access expanded: permitting FFMCs to widen facilities for residents and tourists while promoting service through competition.
The objective in permitting FFMCs to conduct money-changing activities is to widen access to foreign exchange facilities for residents and tourists while promoting efficient customer service through competitive market entry, decentralizing retail forex provision and improving consumer outcomes.
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