The Central Bank of Samoa completed its 2026 review of foreign exchange control policies and procedures without making policy changes. It issued a procedural clarification on the documents financial institutions require when processing overseas remittances of proceeds or funds from the sale of estates in Samoa and reiterated existing exchange control requirements. Exports valued above SAT 500 require a central bank permit, while all domestically produced goods must be reported to and cleared by customs. Foreign currency transactions involving Samoan tala may be conducted only through authorized commercial banks and foreign exchange dealers, and capital transfers overseas require prior central bank approval. Complete applications generally take up to three business days to process, approvals issued with a BOP2 form remain valid for one month, and exemptions are available only on a case-by-case basis.
2026-08-20Central Bank of Samoa
Central Bank of Samoa leaves foreign exchange control policies unchanged, clarifies estate sale remittance documentation
The Central Bank of Samoa left its foreign exchange control policies unchanged following its 2026 review and clarified documentation requirements for overseas remittances arising from estate sales. It also reiterated export permit rules, prior approval requirements for capital transfers and the one-month validity of approved BOP2 forms.