Tuvalu eliminates foreign exchange restrictions
Tuvalu government repeals Exchange Control Act to adhere to IMF articles of agreement
The government of Tuvalu today (November 4) informed the International Monetary Fund it will now adhere to sections of the IMF's articles of agreement mandating the removal of foreign exchange restrictions.
Effective since October 7, Tuvalu will refrain from imposing restrictions on the making of payments and transfers for international transactions or from engaging in "discriminatory currency arrangements" and multi-currency practices without IMF approval, a statement from the fund says.
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