Kyrgyzstan restricts the export of cash currency

BISHKEK, Jan 16 (Reuters) – Kyrgyzstan on Monday imposed temporary restrictions on the export of cash currency, the government said in a statement.

According to the Prime Minister’s decree, residents and citizens of Kyrgyzstan can export no more than $10,000, non-residents – $5,000.

In case of exceeding the limits by residents and citizens of Kyrgyzstan for the export of US dollars in cash in excess of $10,000, a fee of 10% of the amount exceeding the established limit is charged.

The government explained the introduction of restrictions by ensuring financial and economic security, stabilizing the situation on the domestic foreign exchange market, as well as protecting the national interests of Kyrgyzstan. The terms of validity of the limits are not specified in the resolution.

In March 2022, the government banned the export of cash to commercial banks and other financial institutions. (Olga Dzyubenko, text by Maria Gordeeva. Edited by Dmitry Antonov)

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