RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of April 18, 2000 No. 4643

About the State fund of precious metals and gemstones of Turkmenistan

For the purpose of enhancement of the organization of work of the State fund of precious metals and gemstones of Turkmenistan I decide:

1. Approve enclosed:

Regulations on the State fund of precious metals and gemstones of Turkmenistan:

structure of Council of the State fund of precious metals and gemstones of Turkmenistan;

structure of the State fund of precious metals and gemstones of Turkmenistan.

2. Exempt the State fund of precious metals and gemstones of Turkmenistan and its structural divisions from payment of all types of tax, excises, charges and the state fees.

3. To Central Bank of Turkmenistan to make transfer to the State fund of precious metals and gemstones of Turkmenistan in a month:

a) fixed assets and the equipment by transfer from balance on balance:

b) all values from the precious metals and gemstones which are in the Central storage of the Central bank of Turkmenistan by execution of the credit agreement.

4. To the state fund of precious metals and gemstones of Turkmenistan to constitute the repayment schedule of loan debt.

5. In a month to transfer to production association on rendering the household services "Ashgabatkhyzmat" all documents, fixed assets and values of the Ashgabat city pawnshop from the balance to balance of the State fund of precious metals and gemstones of Turkmenistan.

6. Recognize invalid resolutions of the President of Turkmenistan of March 28, 1995 as No. 2157 "About approval of the Regulations on the State fund of precious metals and gemstones of Turkmenistan" and of November 21, 1997 No. 3408 "About modification and amendments in Regulations on the State fund of precious metals and gemstones of Turkmenistan".

Approved by the resolution of the President of Turkmenistan of April 18, 2000, No. 4643

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