Circulars/Notifications - Exchange Policy Department  
 EPD Circular Letter No. 11/EPP.16 (326)-NFCA-2013

November 28, 2013

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.


Yours Sincerely,


Additional Director

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