The Central Bank of the Republic of Guinea (BCRG) has published a press release on the repatriation of export earnings. Through this press release, it invites economic operators to comply with the regulations in force in the Republic of Guinea, which stipulate that export earnings must be deposited with banking institutions as indicated in their intentions expressed in the DDE/DDI

The decision of the BCRG came just after the Council of Ministers of 8 December 2022, relating in particular to the obligation to repatriate 50% of export earnings to the country. Thus, a structure has been set up in this context with the mission of centralizing data on the GUCEG Platform in order to enable the BCRG to fully ensure the execution and monitoring of the implementation of laws relating to Foreign Exchange Regulations in Guinea

For its success, the BCRG, in its capacity as regulator, must popularize this provision at all levels so as to enable those subject to regulation, namely banks and exporters as well as regulatory authorities, including the Treasury and Customs, to ensure compliance with regulatory provisions relating to repatriation of export earnings.