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objectivesafter studying this unit you should be

OBJECTIVES

After studying this unit, you should be able to:

1. Explain the objectives of exchange control;

2. Describe the principal provisions of Foreign Exchange Regulation Act 1973, amended in 1993 and 1995;

3. Discuss the requirements of Foreign Exchange Regulation Act in export-import business; and

4. Explain the documentation and related procedures in export-import transactions in terms of the requirements of Foreign Exchange Regulation Act.

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