ARMENIAN GOVERNMENT PROPOSES ALLOWING EXPORTERS AND THEIR<br /> FOREIGN PARTNERS TO GIVE PRICE QUOTATIONS IN FOREIGN CURRENCY IN<br /> THEIR AGREEMENTS<br />


ARMENIAN GOVERNMENT PROPOSES ALLOWING EXPORTERS AND THEIR
FOREIGN PARTNERS TO GIVE PRICE QUOTATIONS IN FOREIGN CURRENCY IN
THEIR AGREEMENTS

  • 25-10-2007 20:00:00   | Armenia  |  Economy
YEREVAN, OCTOBER 25, NOYAN TAPAN. At the morning sitting on October 25, the RA National Assembly passed in first reading a package of bills prepared by the government. The bills envisage amendments and additions to the Law on Currency Regulation and Currency Control and a number of other laws. According to the main speaker, deputy chairman of the Central Bank of Armenia (CBA) Artur Javadian, previously deals in foreign currency were allowed between residents and nonresidents but giving price quotations in foreign currency in agreements was forbidden by law. Taking into account the proposals of a number of exporters, the government has decided to liberalize relations between exporters - legal entities and their foreign partners, allowing to give price quotations in foreign currency in the agreements signed between them.
  -   Economy