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South African Reserve Bank
 
 
     
 
 

Currency and Exchanges documents 

Currency and Exchange Manuals and related client guideline documents 
(See bottom of the page for circulars)
 
Following the initial announcement in the 2014 Budget Speech by the Minister of Finance, the South African Reserve Bank has streamlined the Exchange Control Manual and associated Rulings.
 
The current Exchange Control Rulings are hereby withdrawn and replaced by:
 
The Currency and Exchanges Manual for Authorised Dealers (Authorised Dealer Manual) contains the permissions and conditions applicable to transactions in foreign exchange that may be undertaken by Authorised Dealers and/or on behalf of their clients in terms of Exchange Control Regulation 2(2), details of related administrative responsibilities as well as the FinSurv reporting requirements. The Authorised Dealer Manual must be read in conjunction with the Exchange Control Regulations and Authorised Dealers may transact without reference to the Financial Surveillance Department, provided such transactions are permitted in terms of this Authorised Dealer Manual.
 
 
The Currency and Exchanges Manual for Authorised Dealers in foreign exchange with limited authority (ADLA Manual) contains the permissions and conditions applicable to transactions in foreign exchange that may be undertaken by Authorised Dealers in foreign exchange with limited authority (ADLAs) and/or on behalf of their customers in terms of Exchange Control Regulation 2(2), details of related administrative responsibilities, the FinSurv reporting requirements as well as the requirements of the FIC Act applicable to ADLAs. The ADLA Manual must be read in conjunction with the Exchange Control Regulations and ADLAs may transact without reference to the Financial Surveillance Department, provided such transactions are permitted in terms of the ADLA Manual. 
 
The current Exchange Control Manual is withdrawn and replaced by two guideline documents:
 
 
The Currency and Exchanges guidelines for business entities (guidelines) are issued to assist business entities and other interested parties by providing a general understanding of the exchange control system in the Republic of South Africa. It does not have any statutory force nor does it replace or supersede the Exchange Control Regulations, 1961 promulgated in terms of section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933) or any permission, exemption or condition granted or attached to certain transactions in terms of the Exchange Control Regulations.
 
 
The Currency and Exchanges guidelines for individuals (guidelines) are issued to assist individuals and other interested parties by providing a general understanding of the exchange control system in the Republic of South Africa. It does not have any statutory force nor does it replace or supersede the Exchange Control Regulations, 1961 promulgated in terms of section 9 of the Currency and Exchanges Act, 1933 (Act No. 9 of 1933) or any permission, exemption or condition granted or attached to certain transactions in terms of the Exchange Control Regulations. 
 
The above-mentioned documents have been implemented with effect from 2016-08-01. 
 
Enquiries
Enquiries pertaining to the new Currency and Exchanges Manuals and related client guideline documents can be e-mailed to SARB-NEWMANUALS@resbank.co.za 
 

Exchange control circulars

Exchange control circulars are issued by the Financial Surveillance Department to Authorised Dealers and/or ADLAs and other role players, setting out the conditions, permissions and limits applicable to foreign exchange transactions, which may be undertaken by Authorised Dealers, ADLAs and/or on behalf of their customers, as well as amendments to related administrative responsibilities.
 
 
Disclaimer
The Financial Surveillance Department reserves the right to amend, grant or impose additional permissions or conditions, with new or amended permissions or conditions which will be communicated by the Financial Surveillance Department on the South African Reserve Bank website.
 
 
     
 
 
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