Approved as the Chairman of the board of National Bank of the Azerbaijan Republic on July 1, 1996 No. 05/1030a, the Chairman of the State Customs Committee of the Azerbaijan Republic on June 24, 1996 No. 01-22/1366

The instruction about rules of import to the Azerbaijan Republic and export from the Republic of cash foreign currency and securities in foreign currency authorized banks

Further in these rules expression "the cash foreign currency and securities in foreign currency" is stated as "currency values".

1. Cash foreign currency (the bank notes which are in circulation in the respective country or group of the countries, considered as legal means of payment, bank notes in the form of treasury notes, the stamping coins and also which left or withdrawn from circulation, but subject to exchange bank notes) and securities in foreign currency can be imported into the republic and be exported from the republic on condition of observance of requirements of this provision and obligatory declaring in customs authorities of the Azerbaijan Republic.

For the purposes of this Instruction the payment documents expressed in foreign currency (checks, bills of exchange, letter of credit bills of exchange, strokes of credit cards, payment orders, statements and other orders about payment execution), the share values expressed in foreign currency (shares, bonds, certificates on the conclusion of "future" and "option" currency transactions) and also other obligations in foreign currency, including other debt obligations expressed in foreign currency belong to securities in foreign currency (deposit and savings certificates, loan letters, etc.).

For the purposes of this Instruction import to the Azerbaijan Republic and export from the republic of currency values is meant as their physical movement through customs border of the Republic (including also transportation by any means of communication and transport).

2. For carrying out foreign currency transactions the authorized banks having in the license granted by National Bank of the Azerbaijan Republic the corresponding Item can import into the republic and export from the republic territory currency values without restriction of the amount and quantity and without special permission of National Bank.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info