Maseru, Feb. 26 — The government of Lesotho is planning to develop the Currency and Exchanges Bill to modernize the exchange controls in the country and support economic growth.
This surfaced in the 2025/26 budget presentation on Wednesday last week where Minister of Finance and Development Planning, Dr. Rets’elisitsoe Matlanyane said that the exchange control regime in Lesotho is outdated and has been a major hindrance to the transfer of funds between Lesotho and the rest of the world.
She said that their vision remains anchored in achieving fiscal sustainability while promoting inclusive growth for the nation.
Moreover, she stated that at the heart of their fiscal strategy lies a fundamental commitment to reduce their exposure to the volatile SACU revenues saying this transformation requires bold and decisive action. AT/TL
