Central Bank Decisions
Decision 9 of 2023 and its implementing instructions
Council of Ministers Decision 9 of 1 February 2023, amending Decision 5 of 2020 and Decision 28 of 2021, together with Decision 320 of 8 March 2023 carrying the implementing instructions.
Decision 9 of 2023
Subject
What this decision governs
The decision resets the minimum value of the bank notices issued for property and vehicle sales, under the terms and amounts it sets out — within the same framework that bars ownership registers and notaries from authenticating a sale contract, or an irrevocable power of attorney amounting to a sale, before a notice evidencing payment into the owner's bank account is attached.
Implementing instructions
Decision 320 of 8 March 2023
- Issued by the Central Bank's management committee under Law 23 of 2002 and Article 2 of Decision 9, in coordination with the Ministry of Finance, adopting the instructions for implementing Decision 9.
- In force from 10 March 2023 — thirty days after Decision 9 was published in Official Gazette issue 6 of 8 February 2023.
- Banks are to take the steps needed to apply the instructions where required.
The amounts and thresholds are stated in the original decision and its instructions attached below, which are the authoritative reference.
Original document
The text above is a transcription of the official document, published so it can be read, searched and translated on any device. The signed PDF below remains the authoritative copy.