IMPLEMENTATION LEVEL
NationalAFFECTED FLOW
OutflowANNOUNCED AS TEMPORARY
NoNON-TRADE-RELATED RATIONALE
NoELIGIBLE FIRMS
allJUMBO
NoTARIFF PEAK
NoControls on commercial transactions and investment instruments
On 27 October 2009, the South African Reserve Bank issued Exchange Control Circular No. 13/2009 that liberalised exchange controls. The circular proposes reforms to reduce red tape by, among others:
In addition, individuals are allowed to hold more foreign capital, and some restrictions on access to domestic credit by foreigners have been removed.
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