Home Regulations Decisions Decisions from the area of foreign exchange operations

Decisions from the area of foreign exchange operations

Decision on currency exchange operations

Decision on the terms under which authorized banks may take in or out of the Republic of Macedonia cash foreign currency from or to their accounts abroad

Decision on the manner and the terms under which residents which are not authorized banks may open and hold accounts abroad

Decision on issuing license and approval for providing fast money transfer services

Decision repealing the Decision on requirements for securities in which an authorized bank may invest abroad

Decision on the manner and the terms under which residents may collect and pay in cash foreign currency in the transactions with non-residents

Decision on currency exchange operations

Decision on the terms and the amount of cash domestic currency, checks and monetary gold permitted to be taken in or out of the Republic of Macedonia

Decision on the manner and the terms of recording and reporting on the concluded credit operations

Decision on the method and terms of opening and maintaining non-resident accounts

Decision on the method of opening resident foreign currency accounts

Decision on the record keeping manner for each transaction of fast money transfer

Decision on the manner of performing international payment operations

Decision on the manner and the procedure for reporting on transactions with nonresidents

Decision on the terms and the manner under which residents may enter into foreign currency loan operations and make payments based on those loan operations

Note: Documents are in PDF

INFLATION

EXCHANGE RATES

for the period: -

	Counrty	Code	Currency		Unit	BuyingRate	MiddleRate MKD	SellingRate

NATIONAL BANK POLICY RATES

Monetary instrument	Interest rate
Central Bank bills	5,35%
Overnight loan	5,85%
Overnight deposit	3,95%
7 days deposit facility	4,00%

Changes to the National Bank policy rate

Bank's reserve requirements ratios

Liabilities with contractual maturity of up to 2 years:
in domestic currency	8.0%
in domestic currency with FX clause	100%
in foreign currency	21%
Liabilities with contractual maturity of over 2 years:
in domestic currency	0%
in domestic currency with FX clause	100%
in foreign currency	5%

Financial market operations

Auctions of Central Bank bills

Auctions of government securities

Auctions of repo transactions

Reference rate for calculating the penalty interest rate

5,55%

SKIBOR

The official language of the documents translated herein is Macedonian. In case of any doubt or misunderstanding, the Macedonian version should therefore be considered final.

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Decisions from the area of foreign exchange operations

Decision on currency exchange operations

Decision on the terms under which authorized banks may take in or out of the Republic of Macedonia cash foreign currency from or to their accounts abroad

Decision on the manner and the terms under which residents which are not authorized banks may open and hold accounts abroad

Decision on issuing license and approval for providing fast money transfer services

Decision repealing the Decision on requirements for securities in which an authorized bank may invest abroad

Decision on the manner and the terms under which residents may collect and pay in cash foreign currency in the transactions with non-residents

Decision on currency exchange operations

Decision on the terms and the amount of cash domestic currency, checks and monetary gold permitted to be taken in or out of the Republic of Macedonia

Decision on the manner and the terms of recording and reporting on the concluded credit operations

Decision on the method and terms of opening and maintaining non-resident accounts

Decision on the method of opening resident foreign currency accounts

Decision on the record keeping manner for each transaction of fast money transfer

Decision on the manner of performing international payment operations

Decision on the manner and the procedure for reporting on transactions with nonresidents

Decision on the terms and the manner under which residents may enter into foreign currency loan operations and make payments based on those loan operations