At present, residents are permitted to hold foreign currencies up to US$ 500 or personal purposes, in addition to the equivalent of US$ 500 which is permitted to be held for numismatic purposes. This limit has now been enhanced to US$2000, including US$500 for numismatic purposes. Necessary notifications to give effect these changes are being issued.

Alpana Killawala
Deputy General Manager

Press Release : 1996-97/357