Decree of the President On amendments to the Regulation on currency control on export-import operations.
According to the Decree of the President On amendments to the Regulation on currency control on export-import operations, sanctions applied by the Central Bank, financial and tax authorities, in the case of enterprises hiding the proceeds in foreign currency are canceled.
According to the amendments, business entities with daily cash receipts of more than 20 times the minimum wage, pass it daily to the cash desks of banks through the collection service or independently. If the proceeds are less than 20 minimum wages, it is handed over to the cash departments of banks through the collection service during the designated period or independently. Previously, independent collection was not allowed.
The practice of the Central Bank approving the minimum amount of cash reserves in branches of commercial banks was canceled.
The work of special branches on monitoring cash withdrawal in commercial banks was terminated.