On 29 January 2019, the Central Bank of the Democratic Republic of Congo (DRC) issued Regulation No. 001/19 in relation to new rules on foreign exchange transactions introduced as part of the reform of the Mining Code in March 2018. Key points include:
- With respect to foreign debt and repatriation of earnings in foreign currency:
- Mining companies must repatriate 60% of foreign earnings from export sales in a DRC bank account within 60 calendar days and can keep up to 40% of foreign earnings…