Foreign exchange balance
The current Rules on Foreign Exchange Balance, no. 950/2010, took effect on 1 January 2011. As before, the purpose of the Rules is to limit foreign exchange risk by preventing credit institutions’ foreign exchange balances from exceeding defined limits. The permissible open foreign exchange balance in individual foreign currencies is 15% of equity, and the permissible total foreign exchange balance is 15%. Foreign exchange balance reporting involves classifying foreign-denominated assets and liabilities by type: loans, bonds, equity securities, shares in mutual funds, deposits, interest-bearing agreements, debts to the Central Bank, etc. The main amendments from the previous Rules on Foreign Exchange Balance include reductions in permissible open foreign exchange positions and more detailed reporting requirements.
Foreign Exchange Balace
1. Rules on Foreign Exchange Balance No. 950, December 6 2010