Cambio operators are insisting that they will remain in business despite a decision by one of the largest banks in the country to close their accounts.
It is mandatory for cambio dealers to have a bank account to do business.
Last week, the National Commercial Bank (NCB) announced that it would be closing most of the accounts held by cambios in three months.
NCB said that, following an internal assessment, it took the decision to "exit most relationships with persons holding licences to operate cambios in order to ensure that we employ a solid governance structure and operate within a robust compliance framework".
Added NCB: "We will, therefore, terminate most relationships in the next three months, and have ceased opening new accounts for such entities."
However, in a statement released yesterday, the Cambio Association gave the assurance that its members would "remain open for business".
The association said cambio operators with accounts at NCB are now taking the necessary steps to ensure that provisions are made at other financial institutions so that they are in compliance with the law.
At the same time it urged the public not to view NCB's decision as a reflection on the compliance of its members.
"The Cambio Association wishes to advise the public that its members remain compliant with the requirements of the regulatory bodies," the group said in its statement.