Ends exceptional regime for foreign exchange revenues in mining, oil and gas sectors
26 Oct 2011
The Government approved legislation that mandates to exchange revenues in foreign currency from exports in the oil, gas and mining sectors in local financial institutions. The measure ends an exceptional situation that differentiated the treatment of these sectors from other export activities.
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Type:
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Treatment and operation (Capital transfer and FOREX)
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Industry:
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Primary (Mining and quarrying)
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Manufacturing (Manufacture of coke and refined petroleum products)
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Sources:
