Emerging Markets Rates and Currencies Handbook

203 Citi | Emerging Markets Currencies Handbook 2021 Trade and Currency Control flows 1.Trade flows for Import or export of goods: FX is allowed after LC import/export, documentary collection utilization 2. Import or Export of services (i.e Currency Control flows); For resident/onshore entities; FX transaction is permitted per documentation checking in accordance with Central Bank (FX Regulation requirements) ; FX forwards, must be backed by commercial or financial transactions (e.g. invoice or purchase order, contract…) Capital flows/FDI No restriction on size. Forward/Option contract may be booked up to a tenor of 12 M in onshore (resident entities) and 24M offshore (non resident entities). Citibank N.A. Tunis Branch Citibank N.A, Tunis 55, Avenue Jugurtha Tunis, 1002 Tunisia FX Sales Contact: +216 71.113.342 Tunisia 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.