Regulatory Alerts1996-10-24 | ПФ-1601Added
Measures for Regulating Cash Foreign Currency Transactions in the Republic
The decree mandates that the national currency, the sum, is the sole legal tender within the Republic, strictly prohibiting cash foreign currency transactions for all legal and physical persons, including residents and non-residents. It bans legal entities from importing or exporting cash foreign currency, except through authorized banks with prior permission from the Central Bank, and requires all payments for goods and services to be made in sums or via non-cash transfers to accounts. The Cabinet of Ministers, the Central Bank, and relevant ministries are tasked with enforcing these rules, expanding non-cash payment systems, and aligning legislation with the decree's provisions within specified deadlines.
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