EXCHANGE CONTROL NOTICE 02/2024 : EXCHANGE CONTROL NOTICE TO ALL EXPORTERS.

Pursuant to the powers conferred upon the Central Bank of Solomon Islands (CBSI) under Section 3 of the Exchange Control Act, 1976, and Section  13 and 21 of the Exchange Control Regulations, 1977, this notice serves to inform all licensed exporters – whether operating under General Authority or Specific Authority – of the mandatory compliance requirements regarding export proceeds as stipulated in the Exchange Control Policy. Effective immediately, all licensed exporters must adhere to the follwing  terms and conditions to ensure compliance with CBSI’s regulatory framework.