Agreement between National Bank of the Republic of Belarus and Central bank of the Republic of Armenia on the organization of calculations

of September 20, 2005

National Bank of the Republic of Belarus (further - Bank of Belarus) and the Central bank of the Republic of Armenia (further - Bank of Armenia), hereinafter referred to as "Parties",

expressing mutual interest in enhancement of the payment and settlement relations and development of mutually beneficial cooperation concerning banking regulation,

agreed as follows:

Article 1

1. Calculations and payments between the participants of civil legal relationship who are those according to the legislation of the Republic of Belarus and the Republic of Armenia (further - participants of civil legal relationship), are performed in national currencies of the Republic of Belarus and the Republic of Armenia, in national currencies of other State Parties of the Commonwealth of Independent States, and also in other currencies according to the legislation of the Republic of Belarus and the Republic of Armenia.

2. In case of the conclusion in the procedure for transactions established by the legislation of the Republic of Belarus and the Republic of Armenia between participants of civil legal relationship the payment currency is determined by these transactions taking into account requirements of Item 1 of this Article.

3. Purchase transactions, sales and conversion of currencies performed by participants of civil legal relationship are made without restrictions on currency types on condition of observance of requirements of the legislation of the Republic of Belarus and the Republic of Armenia regulating these transactions.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info