Section 17: Domiciliary accounts

(1) Any person may open, maintain and operate a domiciliary account designated in foreign currency with an Authorised Dealer.
(2) The foreign currency in which a domiciliary account may be opened, maintained and operated shall be any internationally convertible currency.
(3) Except as provided under any other enactment or law, a person making an application to open a domiciliary account under this Act shall not be obliged to disclose the source of the foreign currency sought to be deposited in the account.
(4) A person may open more than one domiciliary account under this Act designated in the same or different foreign currencies and at the same or in different banks.
(5) No money imported for the purpose of this Act shall be liable to seizure or forfeiture or suffer any form of expropriation by the Federal or a State Government.