Central Bank to clamp down on forex hoarders

Friday, 20 May 2022 10:20 -     - {{hitsCtrl.values.hits}}

The Central Bank yesterday announced plans to enforce a limit on individuals and entities hoarding foreign currency illegally. At present individuals and entities can hold foreign currency notes up to $ 15,000 and the action can be taken against contravening rules under Foreign Exchange Act.

 

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