Section 16: Outstanding obligations.

(1) All transactions in respect of which documents were lodged with the Central Bank for the issue of the necessary foreign exchange cover not later than December 31, 1983, shall be subject to refinancing in accordance with the relevant refinancing scheme established for such transactions.
(2) All outstanding obligations to surrender foreign exchange or to submit documents in support of receipt of goods for which the Central Bank has already made available foreign exchange on the basis of confirmed letters of credit shall not be extinguished by the establishment of the Market under this Act.