ARTICLE
24 January 2023

On The Introduction Of Restrictions On The Export Of Cash Foreign Currency From The Kyrgyz Republic

GI
GRATA International
Contributor
GRATA International is a dynamically developing international law firm which provides services for projects in the countries of the former Soviet Union and Eastern Europe. More than 28 years 250 professionals in 19 countries advise major international and local firms. GRATA is recognised by Chambers & Partners, Legal 500, IFLR1000, WWL, Asialaw Profiles. GRATA is recognised by Chambers & Partners, Legal 500, IFLR1000, WWL, Asialaw Profiles.
In order to ensure financial and economic security, stabilize the situation in the domestic foreign exchange market, as well as protect the national interests of the Kyrgyz Republic, the Decree of the Cabinet of Ministers of the...
Kyrgyzstan International Law
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In order to ensure financial and economic security, stabilize the situation in the domestic foreign exchange market, as well as protect the national interests of the Kyrgyz Republic, the Decree of the Cabinet of Ministers of the Kyrgyz Republic dated January 13, 2023 No. 7 introduced a temporary ban on the export of foreign currency in cash from the Kyrgyz Republic until the relevant decision of the Cabinet of Ministers is adopted. KR - to non-residents and foreign citizens in the amount of more than 5,000 US dollars in cash, residents and citizens of the Kyrgyz Republic in the amount of more than 10,000 US dollars in cash.

It has been established that in case of export by residents and citizens of the Kyrgyz Republic of cash US dollars in an amount exceeding 10,000 US dollars, a payment of 10% of the amount exceeding the established limit is charged.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
24 January 2023

On The Introduction Of Restrictions On The Export Of Cash Foreign Currency From The Kyrgyz Republic

Kyrgyzstan International Law
Contributor
GRATA International is a dynamically developing international law firm which provides services for projects in the countries of the former Soviet Union and Eastern Europe. More than 28 years 250 professionals in 19 countries advise major international and local firms. GRATA is recognised by Chambers & Partners, Legal 500, IFLR1000, WWL, Asialaw Profiles. GRATA is recognised by Chambers & Partners, Legal 500, IFLR1000, WWL, Asialaw Profiles.
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