BoB revokes Master Bureau license

The Bank of Botswana has revoked, with immediate effect, the licence issued to Master Bureau de Change, to transact foreign exchange business following the cessation of operations. Accordingly, the public is advised not to transact foreign exchange business with any person purporting to trade in the name of Master Bureau de Change. Members of the public are also reminded that it is a criminal offence, under Section 30(4) of the Bank of Botswana Act (Cap. 55:01), to conduct the business of buying and selling foreign currency without a valid licence issued by the Bank.