According to the CBE, the volume of foreign currency
deposits reached EGP 725.8bn at the end of May 2019, compared to EGP 749.8bn at the end of April.
"The accused is into this illegal business since few years and secretly collecting the foreign currency
notes from the travellers and exchanging them into Indian currency from illegal operating money exchange brokers on commission by deducting his commission and providing to the travellers and illegally operating this organised money exchange racket business which is punishable as per the Foreign Exchange Management Act - 1999 Section 3 (FEMA)," Bhagwat added.
RMB deposits and foreign currency
deposits rose by RMB 3.27 trillion and USD 19.3 billion respectively in January At end-January, the outstanding amount of RMB and foreign currency
deposits was RMB 185.8 trillion, up 7.2 percent year-on-year.
It is the responsibility of authorised dealers to ensure adequate foreign currency
is available with their authorised branches at all times for meeting the requirements of their customers, read the manual.
Passengers above 18 years may carry USD 10,000 or an equivalent foreign currency
at a time, while a total of USD 60,000 or an equivalent foreign currency
can be carried in a year.
Similarly, the provision of Foreign Exchange Manual, Chapter 6, para 1(vi) regarding deposit of foreign currency
notes in foreign currency
accounts exceeding dollars10,000 (or equivalent in other currencies) in a single day, will not be applicable to such deposits made under the ADO.
Bostan earlier took part in a meeting, chaired by Adviser to PM on Finance Abdul Hafeez Shaikh in Islamabad on Tuesday, to deliberate about building Pakistan's foreign currency
reserves, burdened by exorbitant import payments and debt repayment, according to a press statement issued by ECAP.
The Nations Foreign Currency
Investment Plan will provide customers with stable returns in a foreign currency
at a much higher rate that an ordinary foreign currency
savings account or even a foreign currency
The total amounts of loans and deposits did not change, but there was a change in the currency structure, so foreign currency
deposits increased by about KM 1.9 billion (with a decrease in the domestic currency deposit category at the same time).
On its website, the National Bank of Ukraine (NBU) said that it has allowed banks to buy foreign currency
using their credit funds.
The weakness of US psychological war alongside strict rules of the Central Bank of Iran, including the establishment of secondary market and Integrated System for Hard Currency Transactions, has led to drop of foreign currency
rate in Iran, MP Zahra Saeedi told Trend.