Burundi lifts capital controls
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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