2.2
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Authorised Dealers Responsibility in regard to other Currencies
Authorised dealers should exercise care and circumspection while accepting paymentsoffered by exporters and others in currencies not generally known as freely convertible currencies and ensure by proper enquiry with their overseas branches / correspondents that the currency qualifies to be treated as a permitted currency in order that the foreign exchange so acquired does not become immobilised or is otherwise not subject to restrictions imposed in the foreign country on its use for international payments