Investor Presentaiton

Management of Foreign Currency Accounts & Cash Withdrawals Funds in the Nostro FCAs are utilised for external payments of goods and services and the FCAs shall continue to be funded from offshore. Funds in the Nostro FCAs can only be liquidated to the bank in exchange for local currency in cases where the account holder intends to transact locally. With the exception of NGOs, Embassies and International Organisations, its no longer permissible for residents to settle domestic transactions in foreign currency through inter Nostro FCA transfers. Domestic Nostro FCAs, however, can only be used to settle foreign related payments.

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