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What is important to know when exporting foreign currency from Kazakhstan?

The Department of State Revenue in the area of Zhetisu informs that according to subparagraph 7) of paragraph 1 of Article 343 of the Code "On Customs Regulation in the Republic of Kazakhstan", cash and traveler's checks are subject to customs declaration, if the total amount of such cash and traveler's checks at their one-time importation into the customs territory of the EAEU or one-time exportation from the customs territory of the EAEU exceeds the amount equivalent to ten thousand U.S. dollars at the exchange rate effective on the day of submission to the customs authority.

However, in order to protect the national interests of the country and ensure financial stability, there is currently in force the Decree of the President of the Republic of Kazakhstan dated March 14, 2022 № 830, where it is prohibited to export cash foreign currency and (or) monetary instruments in foreign currency in an amount exceeding the equivalent of 10,000 (ten thousand) U.S. dollars and calculated at the exchange rate of the National Bank of Kazakhstan, established on the date of export.

At the same time, in accordance with the Decision of the Board of the Eurasian Economic Commission of July 23, 2019 № 124 "On customs declaration of goods for personal use", information about goods for personal use of individuals under the age of 16 years, shall be indicated together with information about goods for personal use of the person accompanying these persons in one passenger customs declaration.

Thus, for each family member it is allowed to move foreign currency cash not exceeding the equivalent of 10,000 (ten thousand) US dollars.

Дата публикации
23 октября 2024
Дата обновления
23 октября 2024
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