Agrt on basic principles of EurAsEC monetary policy approved
ASTANA. June 27. KAZINFORM Kazakh Majilis approved a bill "On ratification of the agreement on the basic principles of monetary policy pursued by EurAsEC members state on regulation and controlling capital flow procedures" at a plenary meeting.
According to Vice Chairman of Kazakh National Bank Daniyar Akishev, in accordance with the agreement the sides will remove gradually monetary transactions' restraints preventing effective economic cooperation.
The agreement, in general, defines monetary transactions list between EurAsEC members states and actions concerning account opening by residents in the EurAsEC members states' territories. Every side has a right in exceptional circumstances to set limits for monetary transactions for a period not exceeding one year.