LAW OF THE REPUBLIC OF TAJIKISTAN

of June 13, 2013 No. 964

About currency control and currency exchange control

This Law establishes the public relations in the field of currency control and currency exchange control, determines the rights and obligations of residents and nonresidents of the Republic of Tajikistan by ownership, use and the order of currency values.

Chapter 1.
General provisions

Article 1. Basic concepts

In this Law the following basic concepts are used:

1) Currency - national currency of foreign countries.

2) National currency somoni which one unit is equal to 100 diram.

3) Currency values:

- the foreign currency, securities and payment documents expressed in foreign currency;

- the national currency, securities and payment documents expressed in national currency only when implementing of transactions by them between residents and nonresidents or between nonresidents.

4) Currency regulation set of law-making and organizational measures of the state bodies establishing the normative legal basis of ownership, use and order of currency values.

5) Currency control set of the normative, administrative and organizational measures performed by state bodies or other body authorized by the law for the purpose of ensuring compliance with procedure of currency transactions and check of these transactions.

6) Currency transactions:

- the transactions connected with transition of the property right and other rights to currency values, and also with their use as currency and payment;

- import, transfer and transfer to the Republic of Tajikistan of currency values;

- export, transfer and transfer from the Republic of Tajikistan of currency values;

- opening of bank accounts in foreign currency.

7) Residents:

- citizens of the Republic of Tajikistan, except for the citizens who are constantly living abroad according to the legislation of this country;

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