1. A foreign currency bank account can be allowed on application to the Ministry of finance.
2. Major consideration is that the applicant must have a source of foreign earnings/income.
3. Repatriation of capital can be allowed, usually to the extent of the percentage of the foreign participation in the company.
4. Banking Regulation: Bank Act
5. Currency Exchange: US$1.00 = EC$2.70 (official rate, fixed)
6. Bank rates:
   Currency Exchange:
   • US$1.00 = EC$2.70 (official rate, fixed)
   • Selling: US$1.00 = EC$2.7169
   • Buying:
     • Notes: US$1.00 = EC$2.67
     • Drafts: US$1.00 = EC$2.6882
     • Wire transfer charge: US$16.67 – US$27.78 per transfer depending on bank used.