That’s only because South Africa still has pretty harsh exchange control rules, which make sending cash out of the country a nightmare. As I was sorting my stuff out, I remembered that once upon a time, and not too long ago at that, Kenya had some very serious foreign exchange controls that made life difficult for people such as students studying abroad, or even people who wanted to travel. Kenya repealed all exchange control laws in 1993 and moved to a fully market-determined exchange rate system. But by the end of the era, things began to get serious and the West, which had its own problems, began acting like a Shylock who wants his money back. The first brought things such as the aforementioned freedom from exchange controls.

Source: The Star November 23, 2019 16:30 UTC