"RS Official Gazette", Nos 9/2007, 118/2007 and 18/2009

Pursuant to Article 34, paragraph 6 of the Law on Foreign Exchange Operations ("RS Official Gazette", No 62/2006), the Governor of the National Bank of Serbia hereby issues DECISION N PAYMENT, COLLECTION OF PAYMENTS, PAYING IN AND PAYING OUT IN FOREIGN CASH 1. This Decision shall prescribe the cases in which payment, collection of payments, paying in and paying out may be effected in foreign cash. 2. Under the terms hereof, payment, collection of payments, paying in and paying out in foreign cash may be effected in types of foreign exchange prescribed by the decision on types of foreign exchange and foreign cash that can be purchased and sold in the foreign exchange market. By way of exception to paragraph 1 of this Section, paying in and paying out within the meaning of Section 7 hereof may also be effected in those types of currencies that can be traded in cash transactions as prescribed by the decision referred to in that paragraph. 3. In the execution of activities they were incorporated to perform, resident - legal entity, entrepreneur and branch of a legal entity may effect collection of payment in foreign cash when: - rendering services to resident and non-resident natural persons in international commodity and passenger transport; - selling goods to resident and non-resident natural persons in duty free shops; - supplying foreign aircraft and ships with fuel, lubricating oil and other consumables in airports and sea ports in the Republic of Serbia; - collecting pay toll for foreign-registration vehicles. 4. Diplomatic-consular representative offices of the Republic of Serbia may, pursuant to the law on republic administrative fees, collect their fees in foreign cash, which is to be deposited on their foreign currency accounts abroad in line with regulation on keeping foreign exchange on bank accounts abroad. 5. A resident shall pay in foreign cash generated within the meaning of Section 3 hereof in such resident's foreign currency account within three days at the latest from the date of its collection, and shall submit documents to the bank to prove that the amount to be paid in was acquired through sale of goods, and/or rendering of services (invoice, bill, etc.). By way of exception to paragraph 1 hereof: - resident referred to in Section 3 hereof may keep in its foreign currency cash vault a maximum of 5% of the amount of the day's last

transaction effected in foreign cash for the purpose of having sufficient small change in a particular currency to begin that day's trading; - a bank may pay out foreign cash to the resident referred to in Section 3 hereof against a decision of the resident's competent body for the purpose specified in indent 1 of this paragraph in the amount needed to begin that day's trading in a particular currency. 6. A resident who exhibits goods in an international fair and collects payments in foreign cash, shall pay in such cash in its foreign currency account with a bank in the Republic of Serbia within three business days at the latest from the date such international fair closes. At the same time, such resident shall submit to the bank a document on the customs clearance of goods that were sold in the fair, in line with the law on customs duty, as well as a document on the collection of payment for such goods in foreign cash. 6. Resident from Section 3 hereof who collected payments under exports of goods and services in foreign cash and such collection was not made through a bank due to force majeure, i.e. war, natural disaster, political events, acts of authority and other circumstances beyond its control (hereinafter: force majeure), shall pay in such foreign cash to its foreign currency account with a bank. On making payment referred to in paragraph 1 hereof, resident from that paragraph shall submit: - proof of force majeure by reason of which the collection of payments could not be made through a bank; - documentation showing that the amount of foreign cash to be paid in has been acquired through the exports of goods and/or services (single customs document for goods, and/or contract and invoice for services); - certificate of receipt of foreign cash from non-resident, specifying the number under which the foreign trade contract was filed in the export control book. 6b. Resident from Article 2, indent 1, provision 6 of the Law on Foreign Exchange Operations, who within its operations received and/or generated foreign cash that could not be paid in to the account with the National Bank of Serbia, and/or bank due to force majeure, shall pay in such cash to that account. On making payment referred to in paragraph 1 hereof, resident from that paragraph shall submit: - documentation on the grounds of acquisition of foreign cash, signed by the resident's responsible person;

- proof of force majeure by reason of which the payment of foreign cash to the account of the National Bank of Serbia, and/or bank could not be made. 7. A bank and a resident - legal entity and entrepreneur licensed by the National Bank of Serbia to perform exchange operations shall pay in and pay out foreign cash through a special foreign currency current account with a bank in line with the regulation on the terms of opening and the manner of maintaining foreign currency accounts of residents. 8. A resident and a bank shall pay in and pay out foreign cash related to business trips abroad up to the amount specified by the regulation on the requirements for effecting personal and physical transfers of means of payment to and from abroad, and in line with the regulation on terms and conditions of performing external payment transactions. 9. For the purposes hereof, business days shall be every day, except Sundays and public holidays that have been proclaimed non-business days. 10. This Decision shall enter into force one day after its publication in the "RS Official Gazette". D. No 8 24 January 2007 Belgrade Governor National Bank of Serbia Radovan Jelasic, sign.