The Head/ Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
Facilitation
to Foreign Currency Account Holders
Attention
of Authorized Dealers is invited to Chapter VI of the
F.E. Manual (Eighth Edition-2002) regarding Private Foreign
Currency Accounts.
In
order to facilitate the FCY Account holders, it is reiterated
that Authorized Dealers should ensure adequate availability
of foreign currency notes for meeting the requirements
of their customers. Authorized Dealers can always replenish
their stock either by purchasing them from other Authorized
Dealers or by importing them from their overseas branches
and correspondents in terms of Para-5, Chapter XI of
the F.E. Manual, 2002.
Authorized
Dealers are, therefore, advised to comply with the above
instructions, failing which strict action under the related
rules and regulations would be taken against the concerned
banks.
Authorized
Dealers are advised to bring the same to the notice of
all their constituents.