Emerging Markets Rates and Currencies Handbook

193 Citi | Emerging Markets Currencies Handbook 2021 Senegal Capital flows/FDI No restriction. However, investments should be declared to Ministry of Finance and Central Bank as well as foreign currency loans.Local banks usually choose to repatriate Foreign Currency loans to Central Bank however, this remains optional. Additional Comments Resident corporate are allowed to hedge risk only based on commercial transactions, no speculative hedging allowed. Citibank Senegal S.A. 2 place de l’independance immeuble SDIH Dakar Senegal FX Sales Contact: +22133849 1109 / +2213-3849 1195 Note: Citigroup Inc. and any of its affiliates do not provide accounting, tax, or legal advice. Please seek advice from a relevant licensed advisor. Source: Relevant legislation, publicly available sources.