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1. Introduction 1.1 With reference to the February 2022 Budget Speech of the Minister of Finance, wherein further exchange control reforms were announced in Annexure F of the Budget Review, the Financial Surveillance Department issued the undermentioned Exchange Control Circulars to amend the Currency and Exchanges Manual for Authorised Dealers in foreign exchange. 2. Short […]
A. INTRODUCTION The Minister of Finance announced further Exchange Control reforms during his 2020 Medium Term Budget Policy Statement on 28 October 2020. The Financial Surveillance Department of the South African Reserve Bank issued two Exchange Control Circulars on 29 October 2020, dealing with the following reforms outlined below. B. NEW EXCHANGE CONTROL CIRCULARS 1. […]
