Agreement on the agreed principles of monetarist policies

of December 9, 2010

The Republic of Belarus, the Republic of Kazakhstan and the Russian Federation which are hereinafter referred to as with the Parties

aiming at deepening of economic integration and development of cooperation in monetary and financial sphere,

promoting free movement of goods, services and the capital in the territory of gosudarstvuchastnik of the Common economic space,

recognizing importance of collateral actions on coordination of monetarist policies within the Common economic space for the purpose of increase in role of national currencies of the State Parties of the Common economic space in the foreign trade and investment transactions and ensuring mutual convertibility of the specified currencies,

relying on the principles of equality and mutual advantage taking into account economic features of each of the State Parties of the Common economic space,

agreed as follows:

Article 1

For the purposes of this agreement the following terms are used:

"resident of the State Party of this agreement" - resident of one of the State Parties of this agreement according to the foreign exchange legislation of this state;

"the nonresident of the State Party of this agreement" - resident of the state which is not the State Party of this agreement;

"the third country" - the state or jurisdiction, not being participants of this agreement;

"currency restrictions" - legislatively set restrictions for the currency transactions expressed in their direct prohibition, limitation of amounts, quantity and terms of carrying out, payment currency, establishment of requirements of receipt of special permissions (licenses) for their carrying out, reservations of part, all amount or the amount, multiple all amount of the performed currency transaction and also the restrictions connected with opening and account management in the territory of the State Parties of this agreement;

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