Restriction on the export of foreign currency and gold in Kazakhstan
On March 14, 2022, President Kassym-Jomart Tokayev signed a decree “On measures to ensure the financial stability of the Republic of Kazakhstan”.
Which explains that in order to protect the national interests of the Republic of Kazakhstan and ensure financial stability in the territory of the Republic of Kazakhstan, a ban on the export of:
- foreign currency in cash and (or) monetary instruments in foreign currency in an amount exceeding the equivalent of 10,000 (ten thousand) US dollars and calculated at the rate of the National Bank of the Republic of Kazakhstan, established on the date of export;
- gold bars of refined gold 5, 10, 20, 50 and 100 grams and investment coins made of gold “ALTYN BARYS” and silver “KÚMIS BARYS” issued by the National Bank of the Republic of Kazakhstan, as well as refined gold over 100 grams.
The President resolved the Government of the Republic of Kazakhstan, together with the National Bank of the Republic of Kazakhstan and other interested state bodies, to take the necessary measures to implement this Decree.
It should be noted that this Decree comes into force from the day of its official publication, i.e. March 14, 2022.