Regulatory Alerts2024-10-01
Circular No. 004/RC/2023 on the Tariff Schedule for Services Provided by the Bank of the Republic of Burundi to Foreign Exchange Bureaus
The Bank of the Republic of Burundi issued Circular No. 004/RC/2023 to establish a fixed tariff schedule for services provided to foreign exchange bureaus and their agencies. The regulation mandates annual supervision fees of 2,000,000 BIF and software acquisition costs of 2,000,000 BIF, payable via automatic debit by January 31 each year. It further standardizes application and approval fees ranging from 500,000 to 5,000,000 BIF for licensing, operational changes, and regulatory compliance.
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