The past weeks witnessed raids on stock exchanges and exchange companies that ended with the arrest of many people on charges of prohibited [You must be registered and logged in to see this link.] speculation , which prompted company owners and banks to stop buying and selling dollars, except in a limited range, for fear of being subjected to similar measures.
The new decision, issued Friday, February 24, stipulates, according to a statement by the central bank, that “the central bank is the sole authority responsible for monitoring and inspecting banks, exchange companies, and non-bank financial institutions licensed by it, based on its law.”
It also allowed banks and companies to inform the Central Bank in the event that they are subjected to procedures, inspection visits, or interference in their business from non-bank employees.
The directives also included allowing $10,000, as a maximum, for money transferred outside the country, through border crossings and airports, provided that the security services monitor measures to prevent the removal of larger sums.
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