Rules for purchasing Foreign Exchange
The South African Reserve Bank has issued the following requirements when purchasing foreign exchange:
Residents of South Africa over the age of 18 are now permitted, an allowance of R1 million per calendar year and children under 18 an allowance of R200 000.00 per calendar year. A maximum of R5 000.00 may also be taken in Rand cash for use on entry to South Africa..
Conditions for issuance of forex to SA Residents:
Forex is applied for within a 60 day period prior to departure. A valid passport and air ticket is presented. The amount applied for is within the annual allowance. All unused foreign currency must be returned to an authorised dealer within 30 days upon return to South Africa. Proof of residence is provided.
Conditions for encashments for Non-SA Residents:
Valid passport. Slip of foreign exchange previously sold to a foreign exchange dealer. We have preferred forex suppliers, contact us for your VIP voucher today!
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