The Foreign Exchange Office has published, on the 31st of December 2019, the new version of the General Instruction of Foreign Exchange Transactions. The provisions of this instruction will be applied starting from the 1st of January 2020.
The 2020th General Instruction of Foreign Exchange transactions provides important liberalization and easing measures for both current and capital transactions. These measures, thus, reinforce the process of liberalization of the exchange regulations consolidate the convertibility regime.
In terms of current transactions, the new provisions mainly concern imports and exports of goods and services and travel operations.