The Agreement’s purpose is to facilitate currency policy implementation by the Customs Union’s member countries within the EurAsEC framework and ensure their financial systems’ security as far as transportation of money and monetary instruments by individuals across Customs Union border are concerned.
The Agreement’s ratification simplifies procedures for such transportation by setting common rules for the inflow and outflow of cash and cash instruments. It will improve the effectiveness of monitoring mechanisms and reduce the number of offenses involving the transportation of money across the Customs Union border, precluding the financing of terrorism and legalisation (laundering) of proceeds from crime.
The Agreement was signed in Astana, Kazakhstan on July 5, 2010.