Burundi lifts capital controls

Burundi 1000 franc note
Burundi 1000 franc note
Bank of Burundi

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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