2003News

New Customs FX requirement

According to the Listin Diario, the Department of Customs has announced that starting today importers must deliver all receipts from the purchase of any dollars used to pay for goods being imported. The government now requires that imports be made with foreign exchange that is purchased from one of the agents authorized by the Monetary Board. The Listin Diario publishes today the list of 66 authorized exchange houses and 14 banks. Customs states that in a case where a company that generates its own foreign exchange is making the import, a bank transfer document must be provided.