Introduction to the completion of the Foreign Exchange Transaction Form
1. Foreign Exchange Transaction Form (the Form) is used in reporting a transaction between an authorized financial institution (AFI) and its customer related to buying, selling, depositing, withdrawing, or neither selling nor depositing foreign currency valued at USD 20,000 or above or equivalent at market rate.
2. Preparation of the form. Customer
should prepare this report in 2 copies, 1 for customer as
evidence and other for bank . In neither selling nor depositing
foreign currency, 2 forms shall be used i.e. one for receipt
and the other for payment.