NEW SAMOA CURRENCY LAW

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APIA, Samoa (September 13, 1999 – Pacific Beat)---A new law has been introduced in Samoa that prohibits the use of foreign currency in making purchases at local stores.

It has been common practice for retailers to accept payment in foreign currencies, particularly Australian, New Zealand and U.S. dollars. Now only commercial banks and licensed dealers are permitted to handle foreign exchange.

Samoa Central Bank foreign exchange manager Ray Ah-Liki said the move has angered many people who regularly receive cash remittances from relatives overseas.

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