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The South African Reserve Bank (SARB) has currency exchange control rules in place for South African residents.The rules stipulate that there is a yearly limit placed on the amount of ZAR that can be taken out of the country by South African residents i.e. taken "Offshore".

A restricted currency, also known as 'blocked' or non-convertible currency, is the monetary unit of a country where holders of the currency do not have the right to convert it freely at the going exchange rate into any other currency.

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Tactics for transferring funds indirectly include:Parallel or back-to back loans.Purchase of commodities for transfer abroad.Purchase of capital goods for corporate wide use.Purchase of local services for worldwide use.Hosting corporate conventions, vacations and so on.

For those not familiar with the black money, or money cleaning scam it goes something like this: The fraudster meets with his/ her victim, often introduced by an unwitting friend of the victim. Some of the fraudsters form a romantic relationship with the intended victim, while others attempt to build a friendship.

Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. Black money proceeds are usually received in cash from underground economic activity and, as such, are not taxed.

Exchange controls are government-imposed limitations on the purchase and/or sale of currencies. These controls allow countries to better stabilize their economies by limiting in-flows and out-flows of currency, which can create exchange rate volatility.

A restricted currency, also known as 'blocked' or non-convertible currency, is the monetary unit of a country where holders of the currency do not have the right to convert it freely at the going exchange rate into any other currency.It cannot be exchanged at a given exchange rate.

A new Black Dollar Index is ranking companies from Allstate to Walmart by their support of Black America.Much of that money is spent with white-owned companies, many of which have pledged to tackle racial injustice after Floyd, a Black man, died under the knee of a white police officer last year in Minneapolis.

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