How much forex can I bring into SA? | Fin24
 
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How much forex can I bring into SA?

May 16 2013 11:28

A Fin24 user asks:

How much forex is an expat allowed to bring into South Africa at one time?

Craig MacFarlane, head of retail at Bidvest Bank, responds:

As an expat coming into South Africa, in terms of the current exchange control regulations there is no limit on what you may bring in.

However, if the amounts brought in are substantial, you may be required to show their source or proof of where the funds originated from.

In addition, if any funds brought into SA are placed on record with the authorities, you may take out the equivalent value in the future.

 - Fin24

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Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers. 

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.



banking  |  forex  |  money clinic
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