RESOLUTION OF COUNCIL OF CENTRAL BANK OF THE REPUBLIC OF ARMENIA

of August 30, 2005 No. 444-N

About approval of Regulations 11 "Licensing, regulation and control of the organization of the biddings for purchase and sale of foreign currency in the territory of the Republic of Armenia"

Being guided by articles 9 and 10 of the Law of the Republic of Armenia "About currency control and currency exchange control", assuming as a basis provisions of Articles 20, 39-1, 49 of the Law of the Republic of Armenia "About the Central bank of the Republic of Armenia", article 1 of the Law of the Republic of Armenia "About the public biddings" and article 43 of the Law of the Republic of Armenia "About licensing", Council of the Central bank of the Republic of Armenia solves:

1. Approve Regulations 11 "Licensing, regulation and control of the organization of the biddings for purchase and sale of foreign currency in the territory of the Republic of Armenia" according to Appendix (is applied).

2. From coming into force of this Resolution to declare invalid the Resolution of Council of the Central bank of the Republic of Armenia of March 19, 2002 No. 69 "Licensing, regulation and control of the organization of the biddings for purchase and sale of foreign currency in the territory of the Republic of Armenia".

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