Burundi lifts capital controls
Central bank permits bureaux de change to reopen and allows receipt and transfer of FX
The central bank of Burundi is allowing foreign exchange bureaux to reopen, after having been closed for more than two and a half years.
The announcement, made on October 7, also permits Burundians to receive and transfer foreign currency.
The Bank of the Republic of Burundi (BRB) ordered the country’s stand-alone foreign exchange offices to close on February 10, 2020. The central bank charged that many bureaux were flouting a regulation capping their profits at 15%.
Only banks had been able
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