Investor Presentaiton
8
Cash withdrawals for purposes of toll fees, business travel
allowance, medical travel expenses and other deserving
cases is allowed.
Corporates
The limit has been removed and Banks apply Know Your
Customer (KYC) & Customer Due Diligence (CDD) for
the deserving cases.
Individuals
■ Individuals are permitted to make cash withdrawals for
external travel and to meet external subscriptions such as
DSTV.
Note should be taken that the country is limited in terms of cash imports due to restrictions
placed by correspondent banks as a result of de-risking and the need to comply with
international protocols on anti-money laundering and financing of terrorism. In this regard,
local banks' capacity to meet demand for withdrawals is limited.View entire presentation