The Head of State Kassym-Jomart Tokayev has introduced exceptions to the ban on the export of foreign currency and gold.
“Introduce the following amendments and additions to Decree No. 830 of the President of the Republic of Kazakhstan dated 14 March 2022 ‘On measures to ensure financial stability of the Republic of Kazakhstan’: subparagraph 2) of paragraph 1 shall be worded as follows: ‘2) gold bars of refined gold weighing 5, 10, 20, 50 and 100 grammes, issued by the National Bank of the Republic of Kazakhstan, as well as refined gold of more than 100 grammes.’; paragraph 1-1 shall be supplemented with subparagraph 4-1) of the following content: ‘4-1) the export by second-tier banks of cash national currency of the member states of the Eurasian Economic Union not specified in subparagraph 4) of this paragraph’”, the presidential decree states.
According to media reports, the head of state lifted the ban on the export of “Altyn Barys” gold investment coins and “Kúmis Barys” silver investment coins from Kazakhstan, and also allowed second-tier banks to export cash national currency of the EAEU member states.
To recall, in March 2022, Kassym-Jomart Tokayev banned the export of cash foreign currency exceeding $10,000 and gold bars from Kazakhstan in a corresponding decree.