Agreement between the Government of the Republic of Uzbekistan, Central bank of the Republic of Uzbekistan and Government of Ukraine, National Bank of Ukraine on the organization of calculations

of April 18, 1997

The government of the Republic of Uzbekistan, the Central bank of the Republic of Uzbekistan (further - Bank of Uzbekistan), on the one hand, and the Government of Ukraine, the National Bank of Ukraine (further - Bank of Ukraine), on the other hand, hereinafter referred to as "Parties",

agreed as follows:

Article 1

Calculations and payments between the Republic of Uzbekistan and Ukraine are performed in national currencies of the Republic of Uzbekistan and Ukraine, and also in rubles of the Russian Federation and in freely convertible currencies according to the legislation existing in the territory of each state.

The specified calculations between the Republic of Uzbekistan and Ukraine are made:

- through the correspondent accounts of Bank of Uzbekistan and Bank of Ukraine opened each other;

- through direct correspondent accounts of authorized banks of the Parties;

- through correspondent accounts of authorized banks of the Parties in Bank of Ukraine.

The payment currency and form of calculations are determined by business entities (legal entities and physical person) of the Republic of Uzbekistan and Ukraine independently in contracts (contracts) for delivery of products, rendering services, performance of works.

Article 2

1. The correspondent accounts of Bank of Uzbekistan and Bank of Ukraine opened each other are used only for implementation of the transactions following from functions of Central Banks of the states and also for other transactions according to the supplementary agreement of Bank of Uzbekistan and Bank of Ukraine.

2. Calculations for intergovernmental agreements are perfromed through the authorized banks which are specially stipulated in these agreements.

3. Calculations for all other transactions are perfromed through authorized banks of the Parties.

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