ANNOUNCEMENT 01 Aug 2016

In August 2016, the government of Belarus announced a rule change for commercial cross-border financial flows.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



e 1 2016 . 424 ? 13 2006 . 129?
http://www.nbrb.by/Press/?nId=1286


Inception date: 01 Sep 2016 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

The National Bank of Belarus (according to Decision No. 424, dated 1 August 2016, entitled "On Amendment of Decision No. 129 of the Board of the National Bank of the Republic of Belarus of 13 September 2006) took the decision as of 1 September 2016 to reduce the value of the mandatory sale of foreign currency for Belarusian exporters to 20 % of the revenues, they receive in foreign currency. Previously, the value of the mandatory sale was set at 30 %.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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