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48 W W - tradesecrets.co.za
48 What documents are required for south african exchange controlpurposes? south africa has a system of exchange control regulations in place that restricts the circumstancesunder which foreign currency can flow out of and into the country, and who may acquire and hold foreigncurrency. These regulations place certain requirements on the exporter concerning the foreignexchange he receives as payment for his exported control policy is dictated by the Treasury (controlled by the Department of Finance) andexecuted by the south african Reserve Bank. The Reserve Bank delegates the day-to-dayadministration of exchange control regulations to authorised dealers in foreign exchange , which refersto most of the banks in south africa . Certain travel agents in south africa have limited authority inrespect of exchange control and may grant overseas travel allowances and issue foreign currencytravellers cheques.
48 W hat documents are required for South African exchange control purposes? South Africa has a system of exchange control regulations in place that restricts the circumstances
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