On Thursday 04 January 2007 10:50, Wire James wrote: > Ernest is right. Countries like SA, India among others have very > tight controls on how Ks can leave the country. Interestingly, > they welcome the money in but getting it out is a pain u know > where...
Even that that comes in is taxed... the forex market in .ug is quite liberal compared to that in the southern African states. Changing money at the Bureau de Change in .za can be upsetting, what with the (minimum) costs and all. In .sz, there is a black market that will give you an extra Rand or two for your forex. In the end, however, it keeps the US$ and other foreign currencies, well, foreign and unpopular, strengthening local currency against the backdrop of industry - there are some service providers in .ug that quote their prices in US$. Mark.
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