Removal of Exchange Control Restrictions
Aim: To increase the amount Maltese citizens can send or invest abroad in
foreign currency; to provide greater flexibility for local trade to
operate in foreign exchange.
Measure: Liberalisation of exchange control
- removal in stages of the major part of the remaining controls.
Repeal of Exchange Control Act;
Proposal of Exchange Transactions Act:
provide necessary infrastructure for full liberalisation, give Minister of
Finance authority to introduce measures & controls in times that would be
critical for the balance of payments.
Budget 2003 Index