2.4
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Authorised Dealers Foreign Currency Accounts
Authorised dealers may freely open and maintain accounts in any permitted currency with their branches and correspondents abroad. A report should be sent to the office of Reserve Bank to whom R Returns are submitted by authorised dealers as soon as a new account is opened abroad giving the name and address of the foreign branch or correspondent with whom the account has been opened.