Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

It is registered

Ministry of Justice

Republic of Moldova

On February 19, 2018 No. 1296

RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of February 13, 2018 No. 29

About approval of Regulations about conditions and procedure of currency transactions

(as amended on 24-01-2020)

Based on Item l) parts (1) Articles 5, parts (1) Articles 11, Item c) parts (1) Articles 27, Item and) article 51 of the Law on National Bank of Moldova No. 548-XIII of July 21, 1995 (repeated publication: Monitorul Oficial al Republicii Moldova, 2015, Art. No. 297-300, 544), with subsequent changes and amendments, and parts (9) and (12) Articles 4, parts (3) Articles 13, parts (6) Articles 16, parts (1) and (8) Articles 25, parts (3) article 35 of the Law on currency control No. 62-XVI of March 21, 2008 (repeated publication: Monitorul Oficial al Republicii Moldova, 2016, Art. No. 423-429, 859) DECIDES: Executive committee of National Bank of Moldova

1. Approve Regulations about conditions and procedure of currency transactions according to appendix to this resolution.

2. Declare invalid the Regulations about conditions and procedure of currency transactions approved by the Resolution of Administrative board of National Bank of Moldova No. 8 of January 28, 2010 (Monitorul Oficial al Republicii Moldova, 2010, the Art. No. 41-43, 177) registered in the Ministry of Justice of the Republic of Moldova at No. 739 of March 3, 2010 with subsequent changes and amendments.

3. This resolution becomes effective after 60 days from the date of publication in Monitorul Oficial al Republicii Moldova.

Chairman of Executive committee of National Bank of Moldova

Serdzhiu Chokl

Appendix

to the Resolution of Executive committee of National Bank of Moldova of February 13, 2018 No. 29

Regulations about conditions and procedure of currency transactions

Section I Basic provisions

Chapter I. Concepts and scope

1. In these regulations the concepts determined by the Law on currency control No. 62-XVI of March 21, 2008 are used (repeated publication: Monitorul Oficial al Republicii Moldova, 2016, Art. No. 423-429, 859), further - the Law No. 62-XVI of March 21, 2008. Also for the purpose of these regulations the following concepts are used:

family expenses - maintenance costs of family members;

the account - the general concept including the bank account opened in licensed bank and the payment account opened at the non-bank supplier of payment resident services if other does not proceed from sense of provision;

the bank account - the analytical account opened by licensed bank addressed to the account holder by means of whom transactions on transfer and/or payment/money transfer which includes also the payment account opened in licensed bank in its quality of the payment service provider and issuer of electronic money according to the Law on payment services and electronic money No. 114 of May 18, 2012 (Monitorul Oficial al Republicii Moldova are performed, 2012, Art. No. 193-197, 661) (further - the Law No. 114 of May 18, 2012);

the payment account - the payment account determined by the Law No. 114 of May 18, 2012;

the proving documents - documents which prove obtaining/implementation by legal entities and physical persons of payments and the translations within currency transactions and are specified in Chapter I of the Section IV;

family members - persons who are considered as family members according to the family legislation, namely, the parent, the child, the husband/wife, the native brother / sister, the grandfather/grandmother, the grandson/granddaughter;

cash exchange currency transactions with physical persons - the transactions determined thus by the Regulations about activities of organizations for currency exchange approved by the Resolution of Executive committee of National Bank of Moldova No. 335 of December 1, 2016 (Monitorul Oficial al Republicii Moldova, 2016, Art. No. 423-429, 2096) (further - Regulations about activities of organizations for currency exchange);

physical persons - residents - the physical persons specified in the subitem and) Item 9) article 3 of the Law No. 62-XVI of March 21, 2008;

physical persons - nonresidents - the physical persons specified in the subitem and) Item 10) article 3 of the Law No. 62-XVI of March 21, 2008;

legal entities - residents - the residents specified in subitems b) - g) Item 9) article 3 of the Law No. 62-XVI of March 21, 2008;

legal entities - nonresidents - the nonresidents specified in subitems b) - i) Item 10) article 3 of the Law No. 62-XVI of March 21, 2008;

organizations on currency exchange - the residents specified in part (2) article 41 of the Law No. 62-XVI of March 21, 2008.

2. These regulations establish the general rules concerning implementation of currency transactions through suppliers by the PUR / SUPPLIERS of payment resident services (further - suppliers of PUR) which for the purpose of these regulations include:

a) licensed banks and

b) the payment societies, societies issuing electronic money and the suppliers of post services listed in subitems b) - d) parts (1) article 5 of the Law No. 114 of May 18, 2012 (further - non-bank suppliers of PUR).

3. Provisions of these regulations are not applied to the payment service providers specified in subitems e) and f) parts (1) article 5 of the Law No. 114 of May 18, 2012.

4. The regulations provide:

a) rules of obtaining/implementation by residents and nonresidents through suppliers of PUR of the payments / translations within currency transactions;

b) rules of obtaining/implementation of the payments / translations within currency transactions of suppliers of PUR;

c) the features concerning the payments / translations within the currency transactions which are subject to the notification/permission;

d) procedure of exchange currency transactions in the Republic of Moldova;

e) the features concerning documents which are submitted by residents and nonresidents to suppliers of PUR in case of payments and transfers within currency transactions;

f) conditions concerning transactions with cash foreign currency and with travel checks in foreign currency within currency transactions of some legal entities.

5. Suppliers of PUR apply provisions of these regulations depending on their activities permitted according to issued by National Bank of Moldova (further - NBM) licenses, to the legal acts regulating their activities, and also considering the features relating to these activities, established by these legal acts.

6. The provisions of these regulations concerning implementation of currency transactions through non-bank suppliers of PUR are established for these suppliers in their quality of suppliers of payment services / issuers of electronic money, and also, depending on case, in their quality of legal resident persons who perform currency transactions on its own behalf and at own expense.

7. The provisions of these regulations concerning implementation of currency transactions through suppliers of post services / suppliers of post services are applied as appropriate and in case of implementation through these suppliers / these suppliers of currency transactions by means of exchange of postal orders.

Chapter II. General provisions

8. In the territory of the Republic of Moldova residents and nonresidents can receive/make payments and transfer in foreign currency (cash and non-cash way) if they are resolved according to the Law No. 62-XVI of March 21, 2008.

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

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

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.