Decision on the terms and the manner under which residents may enter into foreign currency loan operations and make payments based on those loan operations

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 21 paragraph 3 of the Law on Foreign Exchange Operations (Official Gazette of the Republic of Macedonia No. 34/01, 49/01, 103/01, 54/02, 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 terms and the manner under which residents may enter into foreign currency loan operations and make payments based on those loan operations (Official Gazette of the Republic of North Macedonia No. 225/25)

1. In the Decision on the terms and the manner under which residents may
   enter into foreign currency loan operations and make payments based on those loan operations (Official Gazette of the Republic of Macedonia No. 166/13) in item 1, paragraph 2 shall be amended and read as follows:
   “Foreign currency loan operations with residents may only be concluded by a bank, or foreign bank branch office that meets the requirements for conducting international operation in accordance with the Banking Law (Official Gazette of the Republic of Macedonia No. 67/07, 90/09, 67/10, 26/13, 15/15, 153/15, 190/16, 7/19 and Official Gazette of the Republic of North Macedonia No. 101/19, 122/21 and 37/25)”. In paragraph 3 the words: “authorized bank” shall be replaced by the word:
   “bank”.
2. In item 2 paragraph 1, the words: “Authorized bank” shall be replaced by the
   word: “Bank”, and the word: “due” shall be deleted.
   Paragraph 2 shall be amended and read as follows:
   “The international payment liability shall be proved by presenting payment order which is accepted by the bank, in accordance with the international payment operations regulations.”
3. In item 4, the words: “Authorized bank” shall be replaced by the word:
   “Bank“.
   In paragraph 2, the words: "blocked transaction accounts" shall be replaced by the words: “blocked payment accounts”, and the words: “single registry of transaction accounts” shall be replaced by the words: “single register of accounts“.
4. Item 5 shall be amended and read as follows:

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"5. The bank must not transfer funds from the foreign currency loan intended for international payments to the borrower's payment account or other foreign currency deposit accounts.
5. In item 6, paragraph 1 shall be amended and read as follows:
“6. The bank shall make the international payment using the foreign currency loan intended for international payments within the time frame stipulated in the National Bank regulations on the manner of conducting international payment operations”. In paragraph 2 the words: “authorized bank” shall be replaced by the word:
“bank”.
In paragraph 3, the word: "remittance" shall be replaced by the words: “credit transfer”, and the words: “authorized bank” shall be replaced by the word: “bank”.
6. In item 7, in paragraph 3, the words: “authorized bank” shall be replaced by
the word: “bank”.
7. In item 8 paragraph 1, the words: “Authorized bank” shall be replaced by
the word: “Bank“.
Paragraph 2, shall be amended and read as follows:
“The bank shall transfer the funds from foreign currency loan used in denar equivalent intended for domestic payment, to the borrower's denar payment account. The denar equivalent of the loan shall be calculated at the rate agreed upon between the bank and the borrower, which is an integral part of the loan agreement”.
8. In item 9 paragraph 3, the words: “authorized bank” shall be replaced by the
word: “bank”.
9. This Decision shall enter into force on the date of its publication in the Official
Gazette of the Republic of North Macedonia.
No. 02-35008/5
30 October 2025
Skopje
Governor and Chairperson of the Council of the National Bank of the Republic of North Macedonia Trajko Slaveski