RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of January 18, 2000 No. 4516

About approval of the Regulations on the organization of currency export-import exchange control

For the purpose of enhancement of currency control over export-import transactions, into accounts of exporters in banks of Turkmenistan, and also control of use of currency means I decide ensuring completeness and timeliness of receipt of export revenue:

1. Approve the enclosed Regulations on the organization of currency export-import exchange control.

2. To impose control over the implementation of this resolution on vice-chairmen of the Cabinet of Ministers of Turkmenistan vol. of Kandymov S. and Saparov R.

Approved by the Resolution of the President of Turkmenistan of January 18, 2000 No. 4516

Regulations on the organization of currency export-import exchange control

This Provision is developed according to the Law of Turkmenistan "About currency control" and establishes procedure of currency export-import control over completeness and timeliness of receipt of currency earnings from export, and also legitimacy and justification of use of currency funds for the purposes of import to Turkmenistan.

Purposes and directions of currency export-import exchange control

1. All export-import contracts (barter, consignment, etc.) registered at the State commodity and raw exchange of Turkmenistan are subject to currency export-import exchange control (currency exchange control is referred to as). The purpose of currency exchange control is ensuring completeness and timeliness of receipt of export revenue into accounts of exporters in banks of Turkmenistan, and also lawful and reasonable use of currency means, including national currency of Turkmenistan - manats, on the import purpose.

2. The main directions of currency exchange control are:

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