IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Feb 2017 | Removal date: open ended
Still in force

Export-related non-tariff measure, nes

Previously, the enterprises engaged in decentralised exports were required to sell to authorised banks 50% of their proceeds of foreign currency. In the future, as per the amendment of Decree No. 44, to mandatory foreign currency sales are subject exports of goods and services at the amount of only 25% of foreign currency earnings.

Decree No. 44 entered into force on 6 February 2017.

 

AFFECTED COUNTRIES

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