1.21
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Restrictions on Dealings in Foreign Exchange
Except for transactions involving purchase or sale of foreign currency between any person and an authorised money changer, no person, firm or company, other than an authorised dealer, is permitted to enter into transactions involving the buying, acquiring or borrowing from, or selling, transferring or lending to, or exchanging with a person not being an authorised dealer, any foreign exchange except with the general or special permission of Reserve Bank. Anyone dealing in foreign exchange in any form, except to the extent indicated above, will be deemed to be contravening the provisions of the Act.