Regulatory Alerts2022-10-06
Regulations on Declaration of National Currency and Denominated Securities by Residents and Non-Residents Entering or Leaving Azerbaijan
The Cabinet of Ministers of Azerbaijan enacted these regulations to mandate cross-border declaration requirements for residents and non-residents transporting national currency in cash and denominated securities. Legal entities may declare any amount, whereas individuals must submit verbal declarations for amounts up to AZN 20,000 and written declarations for larger sums. The framework also allows unlimited currency transfers through designated banks or postal operators and requires written declarations for jubilee and commemorative coins.
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