Decision on the manner and terms under which residents may collect and pay cash foreign currency in transactions with non‑residents

Pursuant to Article 47 paragraph 1 item 6 of the Law on the National Bank of the Republic of North Macedonia (Official Gazette of the Republic of Macedonia No. 158/10, 123/12, 43/14, 153/15, 6/16 and 83/18 and Official Gazette of the Republic of North Macedonia No. 110/21, 74/24 and 16/25) and Article 27 paragraph 1 of the Law on Foreign Exchange Operations ("Official Gazette of the Republic of Macedonia" No.) 34/01, 49/01, 103/01, 51/03, 81/08, 24/11, 135/11, 188/13, 97/15, 153/15 and 23/16 and Official Gazette of the Republic of North Macedonia No. 110/21 and 37/25), the National Bank of the Republic of North Macedonia Council has adopted the following DECISION amending the Decision on the manner and the terms under which residents may collect and pay in cash foreign currency in transactions with non-residents (Official Gazette of the Republic of North Macedonia No. 225/25)

1. The Decision on the manner and the terms under which residents may
   collect and pay in cash foreign currency in the transactions with non-residents (Official Gazette of the Republic of Macedonia No. 42/16 and Official Gazette of the Republic of North Macedonia No. 181/19), item 1 shall be amended and read as follows:
   “1. This Decision sets out the manner and the terms under which residents − trade companies, sole proprietors and subsidiaries of foreign legal entities in the Republic of North Macedonia may collect and pay cash foreign currency (hereinafter:
   cash in foreign currency) in transactions with non-residents and documentation submitted to banks and savings houses in the country.”
2. Item 2 shall be amended and read as follows:
   "2. When collecting and paying cash in foreign currency in transactions with non-residents, the banks and savings houses referred to in item 1 of this Decision which are bound by law to take anti-money laundering and financing terrorism measures and actions, shall comply with the regulations governing the anti-money laundering and financing terrorism.”
3. In the title of Section II, the words: “CASH FOREIGN CURRENCY" shall be
   replaced by the words: “CASH IN FOREIGN CURRENCY”.
4. In item 3, the word: "residents" shall be followed by the words: “referred
   to in item 1 of this Decision”, and the words: “cash foreign currency” shall be replaced by the words: “cash in foreign currency“. In sub-item 3.1, the words "Export of goods" shall be replaced by the words:
   “Export of agricultural products”.
   In sub-item 3.9, the words: “Republic of Macedonia” shall be replaced by the words: “Republic of North Macedonia”.

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5. Item 4 shall be amended and read as follows:
"4. Residents referred to item 1 shall take in the cash in foreign currency collected on the bases of item 3 of this Decision, on their foreign currency payment account (hereinafter: payment account in foreign currency) in a bank or a savings house in the country, within two working days from the receipt of the cash foreign currency.”
6. Item 5 shall be amended and read as follows:
"5. Residents referred to item 1 of this Decision may withdraw cash in foreign currency from their foreign currency payment accounts for the needs of business trips abroad. By way of derogation of paragraph 1 of this item, the residents referred to item 1 of this Decision organizers of games of chance at casinos may withdraw cash foreign currency from their special foreign currency accounts to meet the liabilities to the participants in the games of chance – non-resident natural persons.”
7. In item 6, the word: "residents" shall be followed by the words: "referred
to in item 1 of this Decision", the words: “cash foreign currency” shall be replaced by the words: “cash in foreign currency“, and the words: “which may be used” shall be replaced by the words: “and may be used”.
8. The title of Section III shall be deleted.
9. In item 7, the introductory sentence shall be amended and read as follows:
“The bank or savings house shall accept cash in foreign currency collected on the bases referred to in item 3 of this Decision, upon receipt of the following documentation:
In sub-item 7.1, the word “goods” shall be replaced by the words: “agricultural products”. In sub-item 7.2, the words: “Ministry of Transport and Communications“ shall be replaced by the words: "Ministry of Transport". In sub-items 7.3 and 7.6, the words: “Republic of Macedonia” shall be replaced by the words: “Republic of North Macedonia”.
10. In item 8, the introductory sentence shall be amended and read as follows:
“The bank or savings house shall pay cash in foreign currency to the resident referred to in item 1 of this Decision as required in item 5 of this Decision, upon receipt of the following documentation:”. Sub-item 8.1 shall be amended and read as follows:
“8.1 For business trips abroad: an order for cash in foreign currency withdrawal on the basis of a business trip abroad.“

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In sub-item 8.2 indent 1, the words: “Republic of Macedonia” shall be replaced by the words: “Republic of North Macedonia”.
11. In item 9, the introductory sentence shall be amended and read as follows:
“As required in item 6 of this Decision, the bank or savings house shall pay cash in foreign currency to the resident referred to in item 1 of this Decision, based on the following documentation:” Indent 2 shall be amended and read as follows:
“- reasonable explanation for the increased amount of cash foreign currency payment;”. In indent 3, the words: “Ministry of Transport and Communications“ shall be replaced by the words: "Ministry of Transport".
12. Item 10 shall be deleted.
13. This Decision shall enter into force on the eighth day of its publication in
the Official Gazette of the Republic of North Macedonia.
By way of derogation of paragraph 1 of this item, the provisions of item 4 paragraph 2 and item 9 paragraph 2 of this Decision shall apply from 1 January 2026. No. 02-35008/6 30 October 2025 Skopje Governor and Chairperson of the National Bank of the Republic of North Macedonia Council Trajko Slaveski, PhD