Exchange Control (General) (Amendment) Order, 2026 (No. 22)
The Reserve Bank repeals five old exchange control orders — on exchange rate management, money transfer agencies, bureaux de change, salaries paid in forex by exporters, and forex licensed shops.
The Reserve Bank, with the Minister of Finance's approval, has cleared five exchange control orders off the books. Repealed are the Exchange Control (Exchange Rate Management) Order, 2000 (S.I. 4 of 2000); the Exchange Control (Money Transfer Agencies) Order, 2004 (S.I. 77 of 2004); the Exchange Control (Currency Exchange) Order, 2004 (S.I. 9 of 2004); the Exchange Control (Payment of Salaries by Exporters in Foreign Currency for Critical Skills Retention) Order, 2008 (S.I. 127 of 2008); and the Exchange Control (Foreign Exchange Licensed Shops) Order, 2008 (S.I. 131 of 2008).
What those orders regulated — how the exchange rate was managed, how money transfer agencies and bureaux de change operated, when exporters could pay salaries in foreign currency to retain critical skills, and the forex licensed shop regime — is no longer governed by them.
The order does nothing else. It puts nothing in their place and says nothing about what now applies to those activities, so anyone who has been relying on a provision in one of the repealed orders needs to look to the Exchange Control Regulations, 1996 and current RBZ exchange control directives instead. No commencement date is stated beyond the gazetting on 6 February 2026.
What changed
- Exchange Control (Exchange Rate Management) Order, 2000 (SI 4 of 2000) repealed
- Exchange Control (Money Transfer Agencies) Order, 2004 (SI 77 of 2004) repealed
- Exchange Control (Currency Exchange) Order, 2004 (SI 9 of 2004) repealed
- Exchange Control (Payment of Salaries by Exporters in Foreign Currency for Critical Skills Retention) Order, 2008 (SI 127 of 2008) repealed
- Exchange Control (Foreign Exchange Licensed Shops) Order, 2008 (SI 131 of 2008) repealed
- Nothing is enacted in their place
Who this affects
- money transfer agencies and their agents
- bureaux de change and currency exchange operators
- exporters paying salaries in foreign currency
- operators of foreign exchange licensed shops
- banks and exchange control compliance officers
Plain-language summary — not legal advice. Always read the full instrument.