Regulatory Alerts2023-03-03
Regulations on bringing foreign currency and foreign currency denominated securities to and taking out of the Republic of Azerbaijan by residents and non-residents
The Central Bank of the Republic of Azerbaijan issued Resolution 16/1 to regulate how residents and non-residents transport foreign currency and denominated securities across borders. While imports face no value limits, cash exports up to USD 10,000 require only a verbal declaration and amounts between USD 10,000 and USD 50,000 need supporting customs documents. Cash exports over USD 10,000 and denominated securities exceeding that threshold require written declarations with proof of prior import, while all other cash must exit through authorized banks or the national postal operator.
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