Regulatory Alerts2013-06-11
Added · Updated
Amended Notification on Foreign Exchange Transaction at Border Haats
The maximum limit for foreign exchange purchases by each individual at Border Haats is increased from US$50 to US$100 in local currency equivalent. Operations of sections 5(1) and 5(3) of the Foreign Exchange Regulation Act, 1947 are suspended to allow these purchases not exceeding the new limit for any particular day. This amendment applies to transactions conducted in terms of the Memorandum of Understanding signed on May 15, 2012.
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