Bank supervision over the return of foreign currency operates like a clock: once a customs declaration is filed or a delivery act is signed, the settlement deadline starts running.
Offsetting mutual debts with a non‑resident is effectively impossible, because banks are not allowed to close supervision based on documents about termination of obligations. Currency must physically arrive to the account, otherwise the operation remains open.
There are limited exceptions where a bank can close supervision, for example for small amounts or when specific banking instruments are used. Even without administrative liability for officials, the financial burden for a company can be significant.
Business should plan contracts, payment terms and documentation carefully to avoid penalties and delays.
