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F.E. Circular No. 33
8th July, 1998
TRAVEL ABROAD
It has been decided that with immediate effect all persons travelling abroad will meet their requirements of foreign exchange from the free market. Accordingly, the authority delegated to the Authorized Dealers for release of foreign exchange for travel abroad including education (vide Chapter XVII of the Foreign Exchange Manual) is withdrawn with immediate effect. However, the instructions relating to sale of tickets embodied in the above Chapter will remain operative.
F.E. Circular No. 45
1st September, 1998
RELEASE OF FOREIGN EXCHANGE FOR TRAVEL PURPOSE
Attention of Authorised Dealers is invited to the instructions contained in Chapter XVII of the Foreign Exchange Manual read with F.E. Circular No.38 dated 21st July, 1998, in terms of which they (Authorised Dealers) have been delegated authority to release foreign exchange for travel abroad for various purposes at the composite rate. It has been decided by the Government that, with immediate effect, foreign exchange for all travel purposes including official travel, health, studies abroad, religious travel etc. should be obtained entirely from the open market (i.e. Authorised Money Changers). Accordingly, Authorised Dealers are prohibited, with immediate effect, from releasing any foreign exchange for all types of travel.
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