IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Control on personal transactions

According to a press release dated October 7, 2015, published on the Internet site of the Prime Minister of the Republic of Kazakhstan, the National Bank of Kazakhstan plans to introduce a currency rule with implications for international banks. Concretely, it is being discussed to restrict the issuance of foreign currency loans to individuals who do not have income in foreign currency within six months prior to its issuance.

As noted by the Director of Department of Consumer Protection of the National Bank Alexander Terentiev, the purpose of this measure is to de-dollarise the local economy.

AFFECTED COUNTRIES

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