Kazakhstan lifts restrictions for banks on withdrawal of EAEU countries' cash currency from country

ASTANA. March 1 (Interfax) - Authorities in Kazakhstan have lifted restrictions for commercial banks on withdrawal of EAEU nations' cash currency from the country, with the relevant decree signed by Kazakhstan's President Kassym-Jomart Tokayev.

In addition, the ban on the export of investment coins (Altyn Barys gold coins and Kumis Barys silver issued by the National Bank) has been lifted.

At the same time, the ban on the export of bars of refined gold weighing 5, 10, 20, 50 and 100 grams and refined gold weighing more than 100 grams was left in place.

As reported, in March 2022, the President of Kazakhstan in order to protect the interests of the country and ensure financial stability signed a decree prohibiting, in particular, the export of foreign currency exceeding the equivalent of $10,000, and bars of refined gold weighing 5, 10, 20, 50 and 100 grams, as well as investment coins (Altyn Barys gold and Kumis Barys silver coins, issued by the National Bank) and refined gold weighing more than 100 grams.

In mid-June 2022, the ban on the export of foreign currency exceeding the equivalent of $10,000 ceased to apply to the operations of the National Bank and organizations within its structure. At the same time, a number of other restrictions on the export of refined gold were lifted.