14D.2
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
EEFC Accounts not permitted in certain cases
(i)Exporters maintaining foreign currency accounts in terms of paragraph 6A 12 are not eligible to maintain EEFC accounts.
(ii) Authorised dealers may maintain EEFC account in any convertible foreign currency and in any form (current, savings or term deposit accounts). Savings bank accounts in the names of firms, companies, etc. should, however, not be permitted.