Enterprises may maintain accounts with foreign banks only in specific cases and with an approval of the Central Bank. Natural persons may buy and sell foreign convertible currencies in foreign exchange bureaus and in commercial banks. They may open foreign exchange accounts and make payments for their imports of goods and services. Nonresidents may open freely disposable foreign exchange and Denar accounts. They can freely transfer abroad foreign exchange and Denar funds based on profit, repatriation of the capital invested in domestic enterprises, selling of the enterprise, salaries and other revenues of the nonresidents employed in domestic enterprises.
Foreign citizens can buy goods and services by using credit cards and checks.
Enterprises may maintain accounts abroad only in specific cases and with an approval of the National Bank. Resident natural persons are not allowed to open accounts abroad. The Foreign Exchange Inspection Department within the Ministry of Finance is authorized to control foreign exchange and trade operations of enterprises that conduct foreign trade business. Certain foreign exchange control activities have been delegated to Customs Office and Payment Operations Office. The National Bank of the Republic of Macedonia is also performing preventive foreign exchange documentary control of the exports and imports of goods and services of the enterprises.