Regulatory Alerts1974-01-01
Swaziland Exchange Control Order and Regulations, 1974
Issued by the King's Order-in-Council and administered by Swaziland’s Minister for Finance, this legislation establishes a comprehensive framework governing the purchase, sale, and loan of foreign currency, gold, and securities. It replaces the 1949 Exchange Control Act by mandating that non-resident transactions require ministerial permission, requiring residents to declare acquired foreign currency and gold within specified timeframes, and establishing blocked accounts for cross-border payments. The Minister retains broad discretionary powers to prescribe regulations, exempt documents from stamp duty, and enforce civil or criminal sanctions through authorized dealers and the Central Bank.
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