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FACILITIES FOR RELEASE OF FOREIGN EXCHANGE TO RESIDENTS SN PURPOSE 1 Private visits to any US$ 10,000 in one calendar year. Country Authorized dealers may affect (except Nepal and remittances up to

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What is forex remittances facilities to?

Forex remittances facilities are used to transfer money between countries for various purposes such as investments, payments for goods and services, or personal transfers.

Who is required to file forex remittances facilities to?

Individuals or businesses that are involved in international transactions and need to transfer funds across borders are required to file forex remittances facilities.

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Forex remittances facilities can be filled out online through designated platforms provided by financial institutions or through manual forms submitted to relevant authorities.

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The purpose of forex remittances facilities is to ensure transparency and compliance with regulations when transferring funds internationally.

What information must be reported on forex remittances facilities to?

Information such as the sender and receiver's details, amount of money to be transferred, purpose of the transfer, and source of funds must be reported on forex remittances facilities.

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