Exchange Control Circular No. 10/2018

Circular Reference: Exchange Control Circular No. 10/2018

Circular Date: 28 May 2018

Circular Status: Withdrawn (see Exchange Control Circular No. 1/2019)

Restricted Authorised Dealer in foreign exchange

The attention of Authorised Dealers and Authorised Dealers in foreign exchange with limited authority are drawn to Government Notice No. 541 published in Government Gazette No. 41655 of 2018-05-25 in terms of which African Bank Limited (African Bank) was appointed as a restricted Authorised Dealer in foreign exchange.

The appointment permits African Bank to issue credit and/or debit cards to individual clients and local entities enabling such cards to be used in foreign jurisdictions for permissible foreign exchange transactions.

The name of African Bank Limited will be added to sections A.2(A) of the Currency and Exchanges Manual for Authorised Dealers and Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority respectively.

The relevant Government Notice is attached hereto and the amended Manuals and guideline documents may be accessed on the SARB website: www.reservebank.co.za by following the links: Home > Regulation and supervision > Financial surveillance and exchange controls > Currency and exchanges documents.

Head of Department: Financial Surveillance

African Bank Limited
View the Circular

Scroll to Top