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LAW OF THE REPUBLIC OF ARMENIA

of December 4, 2007 No. ZR-258

About entering of amendments into the Law of the Republic of Armenia "About currency control and currency exchange control"

Accepted by National Assembly of the Republic of Armenia on November 13, 2007

Article 1. In article 6 of the Law of the Republic of Armenia "About currency control and currency exchange control" (on November 24, 2004, ZR-135-N):

Part 1 after the word "dramas" to add 1) with words ", except as specified, provided by this Law";

To add 2) with part 7 of the following content:

"7. Quotations in the agreements providing cashless payments and signed in writing can be made in foreign currency if these agreements are signed between legal entities or the resident who is the individual entrepreneur, and legal entities or the nonresident who is the individual entrepreneur.".

Article 2. Part 7 of article 7 of the Law after the word "for" to add with words "quotations and".

President of the Republic of Armenia

R. Kocharyan

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