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Thread: Pound sterling

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    Pound sterling

    Is it legal to buy pounds sterling from anybody or do you have to go via the banking institutions,thanks in advance.

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    New Member uanda's Avatar
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    Both mentioned steps are legal and approved

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    Site Caretaker Dave A's Avatar
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    Are we talking "in cash" here?

    I seem to recall there's an issue for "ordinary citizens" with holding foreign cash in SA for any length of time.
    The trouble with opportunity is it normally comes dressed up as work.

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    Quote Originally Posted by Dave A View Post
    Are we talking "in cash" here?

    I seem to recall there's an issue for "ordinary citizens" with holding foreign cash in SA for any length of time.
    The last time I checked which was about 2 years ago, ordinary citizens have 30 days (from date of arriving in South Africa) to convert foreign currency into Rands. I am sure that there ways to work around this but I haven't explored the "informal market".

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