Exchange Control Circular No. 17/2014

Circular Reference: Exchange Control Circular No. 17/2014

Circular Date: 9 May 2014

Circular Status: Withdrawn

Authorised Dealer in foreign exchange with limited authority

The attention of Authorised Dealers is drawn to Government Notice No. R. 334 published in Government Gazette No. 37606 of 2014-05-09 in terms of which Interchange RSA (Pty) Limited was appointed as an Authorised Dealer in foreign exchange with limited authority to operate Bureaux de Change in South Africa.

This appointment permits Interchange RSA (Pty) Limited to authorise and enter into transactions in respect of matters relating directly to travel facilities (excluding emigrant’s travel facilities) which are specifically mentioned in Sections B.4(E), B.8 and B.11 of the Exchange Control Rulings. As far as foreign bank notes are concerned, they may also purchase such notes from foreign visitors and any persons who have been authorised to accept foreign bank notes in terms of Section B.21(A) of the Exchange Control Rulings. They are, however, not permitted to grant the authority as stipulated in Section B.21(A) of the Exchange Control Rulings to their customers.

The name of Interchange RSA (Pty) Limited should be added to Section A.2(B) of the Exchange Control Rulings as an Authorised Dealer in foreign exchange with limited authority to operate Bureaux de Change in South Africa.

A replacement page of the Exchange Control Rulings incorporating the relevant amendment is attached hereto.

Deputy General Manager

Interchange RSA (Pty) Limited
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