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Article (6) Sale and Purchase Currency Notes Reporting

  1. Licensed Financial Institutions must report to the Central Bank the following:

    a. Currency notes (cash); and

    b. Sales and purchases of foreign currency classified by currency.
     
  2. The above report shall be sent to the Central Bank by the end of the working day every Friday. Failure to submit the report/reports as required will result in a fine of AED 1,000 for each violation.