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Malta Removal of Exchange Control Restrictions - Budget 2003
Malta Removal of Exchange Control Restrictions - Budget 2003
December 03
08:46
2015
by The Editor
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2003
Removal of Exchange Control Restrictions
Aim:
To increase the amount Maltese citizens can send or invest abroad in foreign currency; to provide greater flexibility for local trade to operate in foreign exchange.
Measure:
Liberalisation of exchange control - removal in stages of the major part of the remaining controls.
Repeal of Exchange Control Act;
Proposal of Exchange Transactions Act: provide necessary infrastructure for full liberalisation, give Minister of Finance authority to introduce measures & controls in times that would be critical for the balance of payments.
Back to Budget 2003 Index
