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The opening of a foreign exchange office requires beforehand the approval of this
last one by the BRB which delivers for that purpose a licence of operation.
Any
foreign exchange office has to open and hold in its name an account with an approved
bank.
The foreign exchange office can buy and sell currencies in bank notes, in traveller
cheques at freely negotiated rates.
The foreign exchange office has to pass on in the BRB a weekly report of its purchases
and sales of currencies as well as its position of exchange.
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