The central bank is required to mediate full their capital to ensure the companies within four years

by **Ponee** Thu Nov 17, 2016 9:02 am

Twilight News / Central Bank decided on Thursday, requiring broker for buying and selling currencies letter of guarantee 100 percent of their capital over the next four years from 25 percent currently companies.

The bank said in a statement Alsumaria News received a copy of it "decides to be a letter of guarantee for companies to broker the sale and purchase of foreign currencies 100% of their capital over the next four years."

The bank said "the Board of the Central Bank studied this decision in the light of the applications received and decided to be letters of guarantee of 25% of the company's' capital that the increase is completed before the first of January 2017 and increased annually by 25%, ie, to be 100% during the four years. "

The bank pointed out that "the decision will be motivated to work for these companies in accordance with the bank's requirements and comply with the decision in the area of sales of foreign currency

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