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Ministry of Justice

Republic of Moldova

On June 18, 2019 No. 1461

RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of June 14, 2019 No. 165

About approval of Regulations about some aspects connected with export and import of cash and travel checks by banks

Based on Item and) article 51 of the Law on National Bank of Moldova No. 548/1995 (repeated publication: Monitorul Oficial al Republicii Moldova, 2015 No. 297-300, of the Art. 544), with subsequent changes, parts (8) Articles 25, parts (10) Article 30 and article 55 of the Law on currency control No. 62/2008 (repeated publication: Monitorul Oficial al Republicii Moldova, 2016, Art. No. 423-429, 859), with subsequent changes, DECIDES: Executive committee of National Bank of Moldova

1. Approve Regulations about some aspects connected with export and import of cash and travel checks by banks according to appendix to this resolution.

2. Consider invalid the Resolution of Administrative board of National Bank of Moldova No. 340/1998 "About approval of the Instruction about import/export of cash by banks to the Republic / from the Republic of Moldova" (Monitorul Oficial al Republicii Moldova, 1998, Art. No. 109-110, 219).

3. This resolution becomes effective on June 30, 2019.

Chairman of Executive committee of National Bank of Moldova

Octavian to Armash

Appendix

to the Resolution of Executive committee of National Bank of Moldova of June 14, 2019 No. 165

Regulations about some aspects connected with export and import of cash and travel checks by banks

Chapter I. General provisions

1. In these regulations the concepts determined by the Law on currency control No. 62/2008 are used (further – the Law No. 62/2008). Also for the purpose of these regulations the following concepts are used:

a) nonresident bank – the bank with the location outside the Republic of Moldova having the license for implementation of the activities permited banks issued by body the right given it according to the legislation of foreign state and also department of licensed bank of the Republic of Moldova with the location outside the Republic of Moldova;

b) specialized legal nonresident person – the legal nonresident person (other, than nonresident bank) corresponding to 19 criteria specified in Item with which the licensed bank signed the agreement mentioned in the subitem c) of Item 16;

c) the partner nonresident on transaction – nonresident bank, specialized legal nonresident person or other legal nonresident person with whom the licensed bank signed the relevant agreement specified depending on case, in Item 16 or in Item 17.

2. These regulations establish:

a) export conditions from the Republic of Moldova and import to the Republic of Moldova of cash national and foreign currency and travel checks in foreign currency licensed banks and nonresident banks;

b) some features concerning the documents concerning currency values which are export subject from Republic of Moldova/import to the Republic of Moldova.

c) procedure for issue by National Bank of Moldova to licensed banks and nonresident banks of import permits from the Republic of Moldova and import to the Republic of Moldova of cash national currency in the case provided by part (6) article 30 of the Law No. 62/2008.

3. These regulations are applied:

a) to the licensed banks and nonresident banks performing transactions on export from the Republic of Moldova and on import to the Republic of Moldova of cash national and foreign currency and travel checks in foreign currency for the purpose of implementation of the activities permited banks;

b) to the licensed banks performing transactions on export from the Republic of Moldova and to import to the Republic of Moldova of cash national currency for the purpose of testing of automatic processing devices of coins and banknotes in national currency (further – testing of devices).

4. These regulations are applied to export from the Republic of Moldova and to import to the Republic of Moldova by banks of currency values in the form of cash national and foreign currency, travel checks in foreign currency.

5. These regulations are not applied to export from the Republic of Moldova and to import to the Republic of Moldova by banks:

a) the metal coins containing precious metals;

b) travel checks in foreign currency which were purchased from clients / are accepted from clients for collection and are directed for receipt of covering of the amount of these checks.

6. In the case provided by part (6) article 30 of the Law No. 62/2008, export from the Republic of Moldova and import to the Republic of Moldova of cash national currency by licensed banks and nonresident banks are performed based on permission of National Bank of Moldova.

7. Export from the Republic of Moldova and import to the Republic of Moldova of cash national and foreign currency and travel checks in foreign currency by banks is performed by means of physical persons - representatives of data of banks (further – the bank representative).

8. Transfer from the Republic Moldova / to the Republic of Moldova of currency values by means of the international mailings is performed by banks according to provisions of the legislation of the Republic of Moldova which regulate the international mailings.

Chapter II. The conditions concerning export from the Republic of Moldova and import to the Republic of Moldova of cash national and foreign currency and travel checks in foreign currency by banks

9. Licensed banks have the right to perform export:

a) cash national and foreign currency for the purpose of transfer of the corresponding amounts into their accounts (for example, correspondent accounts "Nostro") opened abroad or in other licensed banks;

b) cash national currency for replenishment of cash desk of nonresident bank, according to its requirement, with payment of the corresponding cost;

c) cash national currency for the purpose of testing of automatic processing devices of coins and banknotes in national currency. After testing, but no later than 6 months from the date of export, the exported cash returns to the Republic of Moldova;

d) travel checks in foreign currency, unused for transactions with clients, for the purpose of their return to foreign organization issuer or their sales to the foreign organizations performing activities with travel checks.

10. Licensed banks have the right to perform import:

a) received from nonresident bank and/or from specialized legal nonresident person of cash national and foreign currency for replenishment of cash desk of licensed bank;

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