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.