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National Bank allows residents of Belarus to receive currency transfers from transactions with foreigners

National Bank allows residents of Belarus to receive currency transfers from transactions with foreigners

From March 1st, the National Bank of Belarus is allowing residents to receive non-cash foreign currency transactions from foreign individuals.

In its letter to commercial banks, the Bank notes that foreign currency may be received from abroad through bank transfer, with the exception of transactions via ATMs, info-kiosks and payment terminals in Belarus. The move aims to cover sales of goods, as well as sale of protected information, and the sale of exclusive rights to intellectual property, to individual non-residents. Foreign currency transfers may also be received for leased or sold property, and for a range of services.

By Anastasia Shoplya
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