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*EXCHANGE CONTROL ORDINANCE 1976 (NO. 21 OF 1976) *EXCHANGE CONTROL (FOREIGN EXCHANGE) REGULATIONS 1977EXCHANGE CONTROL FORM EX 1 APPLICATION FOR SPECIFIC AUTHORITY TO EXPORT ROUND LOGS FROM SOLOMON
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Exchange control refers to government restrictions on the purchase and sale of foreign currencies, while the exchange control form is a document used to report and manage these transactions.
Individuals and businesses that engage in transactions involving foreign currencies or cross-border payments are typically required to file the exchange control form.
To fill out the exchange control form, provide necessary information such as the nature of the transaction, the amounts involved, the currency type, and personal or business identification details.
The purpose of the exchange control form is to monitor foreign exchange transactions, ensure compliance with government regulations, and prevent illegal currency activities.
Information that must be reported includes transaction amounts, currencies involved, parties to the transaction, and relevant personal or business identification details.
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