Can I hold foreign currency in the account that is set up?

Written by Team Future Forex - Written by Joshua Kotlowitz (CTO at Future Forex) - May 12, 2023 Written By Harry Scherzer (CEO at Future Forex) - as published on Ventureburn - July 24, 2023 Written by Joshua Kotlowitz (CTO at Future Forex) - as published on IT News Africa - July 28, 2023 Written By Harry Scherzer (CEO at Future Forex) - as published on BusinessTech - August 11, 2023 Business Tech - May 17, 2023 Written By Harry Scherzer (CEO at Future Forex) - as published on Moneyweb - July 1, 2023 Written By Harry Scherzer (CEO at Future Forex) - as published on Cape Business News - July 3, 2023 -

We can set up a CFC (Customer Foreign Currency) account should you wish to hold foreign currency. Please note that there are certain limitations on this due to South African Exchange Control regulations:

Businesses:

  • Foreign currency purchased from the spot market can be held for a duration of 30 days.
  • If your business receives foreign currency, you have the flexibility to hold it indefinitely in your CFC account.

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Individuals:

  • Individuals can enjoy the freedom of holding foreign currency indefinitely in a CFC Account.

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Forex - Services > Can I hold foreign currency in the account that is set up?
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