National Bank Facilitates Cash Usage

08.11.2010 11:15
Архив Редакция

Decision № 428  of the Board of the Belarusian National Bank has changed the rules of the organization of cash circulation in the Republic of Belarus, acting according to the NB decree № 166 of August 24, 2007. This resolution eliminates the prior necessary permission of the servicing bank for business entities to spend cash from the proceeds.

Also, the Board of the National Bank has amended the Regulations on the procedure of cash transactions and cash payments in the Belarusian rubles in the territory of the Republic of Belarus, which now provides the procedure of payments between legal entities, and their separate entities, as well as sole proprietors. The changes are to come into force on November 11, 2010, «Ejednevnik» reports.

Now the cash calculations could be carried out without the permission of the servicing bank for the amount under 300 basic units (Br10.5 million — $3.5 thousand) during a day. However, calculations of cash payments to the budget, state off-budget funds are carried out without this restriction. In this case, wholesale trade of alcoholic, inedible spirit-based products, nonfood ethyl alcohol, tobacco raw material, as well as tobacco products can only be made by bank transfer.

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