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Argentina
Interest-Bearing Accounts3 Non-Residents Residents
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Non-Residents Residents
Onshore local currency
Onshore foreign currency
Central BankCentral Bank of Argentinawww.bcra.gov.ar
Local CurrencyArgentine peso (ARS)
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Operating Accounts1 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency -
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore local currency
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Bank of Bahamaswww.centralbankbahamas.com
Local CurrencyBahamian dollar (BSD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Bahamas
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Bank of Bahamaswww.centralbankbahamas.com
Local CurrencyBahamian dollar (BSD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
Barbados
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Bank of Barbadoswww.centralbank.org.bb
Local CurrencyBarbadian dollar (BBD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
Onshore local currency
Brazil
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central do Brasilwww.bcb.gov.br
Local CurrencyBrazilian real (BRL)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
Onshore local currency
Chile
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central de Chilewww.bcentral.cl/eng
Local CurrencyChilean Peso (CLP)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Colombia
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco de la Repúblicawww.bcra.gov.ar
Local CurrencyColombian peso (COP)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
Onshore local currency
Costa Rica
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central de Costahttp://www.bccr.fi.cr
Local CurrencyCosta Rican colón (CRC)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
Onshore local currency
Dominican Republic
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Bank of Dominican Republicwww.bancentral.gov.do
Local CurrencyDominican peso (DOP)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Ecuador
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central del Ecuadorwww.bce.fin.ec
Local Currencywww.bce.fin.ec
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
El Salvador
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central de Reserva de El Salvadorwww.bcr.gob.sv
Local CurrencyUnited States Dollar (USD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Guatemala
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco de Guatemalawww.banguat.gob.gt
Local CurrencyGuatemalan Quetzal (GTQ)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Haiti
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanque de la République d’Haïtiwww.brh.net
Local CurrencyHaitian gourde (HTG)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Honduras
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central de Honduraswww.bch.hn
Local CurrencyHonduran lempira (HNL)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Jamaica
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBank of Jamaicahttp://www.boj.org.jm/
Local CurrencyJamaican Dollar (JMD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Mexico
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBank of Mexicohttp://www.banxico.org.mx/
Local CurrencyMexican peso (MXN)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Panama
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankNot Applicable
Local CurrencyUnited States Dollar (USD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Paraguay
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankBanco Central del Paraguaywww.bcp.gov.py
Local CurrencyParaguayan guaraní (PYG)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Peru
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Reserve Bank of Peruhttp://www.bcrp.gob.pe
Local CurrencyPeruvian nuevo sol (PEN)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Puerto Rico
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankNot Applicable
Local CurrencyUnited States Dollar (USD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
-
1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Trinidad and Tobago
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Bank of Trinidad and Tobagowww.central-bank.org.tt
Local CurrencyTrinidad and Tobago dollar (TTD)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
LATAM Market Guide for TreasuryFor Corporate and Public Sector Clients
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1 Venezuelan law prohibits actively raising funds or foreign currency, but it does permit the reference of a customer to entities abroad only if the customerexplicitly asks for referral. Venezuelan laws do not prohibit Venezuelan corporations holding offshore foreign currency accounts.2 A credit line must be in place before any overdraft is allowed.3 Subject to withholding taxes.4 Interest rates are regulated by the Venezuelan Central Bank, Citibank Venezuela does not offer TD.5 Notional pool solutions may end in very high tax expenses. This product is not offered in Citi Venezuela.
Onshore local currency
Venezuela
Interest-Bearing Accounts3
Onshore local currency operating accounts
Onshore foreign currency deposit accounts
Domestic Notional Pooling
Onshore local currency
Onshore foreign currency
Allowed — Yet Restricted or Limited
Allowed — No Material Restrictions
Not Allowed
Operating Accounts1
Onshore local currency
Onshore foreign currency
Offshore local currency
Offshore foreign currency
Non-Residents Residents
Non-Residents Residents
Central BankCentral Bank of Venezuelawww.bcv.org.ve
Local CurrencyVenezuelan bolívar (VEF)
Overdrafts2 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Time Deposits4 Non-Residents Residents
Onshore local currency
Onshore foreign currency
Non-Residents Residents
Inter-Company Lending5
Non-Residentto Resident
Residentto Non-Resident
Onshore foreign currency
to Residents
Onshore local currency
Onshore foreign currency
to Non-Residents
