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SURINAME | Foreign Exchange Law

De Foreign Exchange Law 1947 regulates the foreign exchange regime of Suriname. The rigid law rules that foreign and domestic exchange transactions between resident and non-residents require an approval from the Foreign Exchange Board. By General Rulings the Foreign Exchange Board liberated the system considerably since 1992 for transactions on the current balance of the country, but capital transactions, as defined in several Rulings, still need special approvals (often in consultation with the Central Bank) to protect the forex reserves of the State.