The Presidents/ Chief Executive Officers of

All Authorized Dealers in Foreign Exchange

Dear Sirs/Madams,

Foreign Exchange Exposure Limit (FEEL)

Please refer to DMMD Circular No. 16 dated July 22, 2020.

Given the changes in market conditions and trade volumes, and to facilitate Authorized Dealers (ADs) in their foreign exchange operations, it has been decided that FEEL shall be assigned to ADs equal to 7.5% of their Tier-1 Capital as disclosed in latest annual audited financial statements.

As per the above criteria, the FEEL of each Authorized Dealer will be advised separately based on its Tier-1 Capital position, as per its latest annual audited financial statements.

The revised limits would be effective from August 4, 2025. All other instructions on the subject shall remain unchanged.