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.