The Bank of Botswana has revoked, with immediate effect, the bureau de change licence of Joshua Bureau de Change, ending its authorisation to transact foreign exchange business following the cessation of operations and the voluntary surrender of the licence. The revocation was made under Section 30(1) of the Bank of Botswana Act and the Bank of Botswana (Bureaux de Change) Regulations. The Bank advised the public not to transact with any person purporting to trade in the name of Joshua Bureau de Change and reiterated that buying and selling foreign currency without a valid Bank-issued licence is a criminal offence under Section 30(4) of the Act.
Bank of Botswana 2025-04-04
Bank of Botswana revokes Joshua Bureau de Change licence with immediate effect
The Bank of Botswana has revoked the bureau de change licence of Joshua Bureau de Change, terminating its authorization to conduct foreign exchange business. This action follows the cessation of operations and voluntary licence surrender. The Bank cautions against transactions with entities claiming to operate under Joshua Bureau de Change, emphasizing that trading foreign currency without a valid licence is a criminal offence.