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CONCLUSION OF THE CONSTITUTIONAL COURT OF THE REPUBLIC OF BELARUS

of February 22, 1995 No. 3-11/95

About constitutionality of the Resolution of the Cabinet of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of August 12, 1994 No. 15/1 "About denomination of Belarusian ruble"

Constitutional court of the Republic of Belarus as a part of the chairman - the vice-chairman of the Constitutional Court Tikhini V. G., Vasilevich G. A. judges., Kenik K. I., Pastukhova M. I., Podgrusha V. V., Seredy N. M., Tishkevich S. I., Filipchik R. I.

with participation of agents of the parties: groups of the deputies of the Supreme Council who made the offer on check of constitutionality of the act, Kozlov G. I., Novikova E. V., Kakovki V. F., Ovechkina A. P.; The Cabinet of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus which adopted the regulation - the Minister of Justice of the Republic of Belarus Sukalo V. O., the First Deputy Chairman of the board of National Bank Kuzmich of N. A., the assistant to the Chairman of the board of National Bank Dashkevich V. F.,

experts: A.N tour., head of the department of the economic theory and history of economic manoeuvers of the Belarusian state economic university, Doctor of Economics, professor, Vorobey G. A., directors of legal department of Academy of management under the Cabinet of Ministers of the Republic of Belarus, Candidate of Law Sciences, associate professor,

specialists: Lisy N. K., Deputy Minister of Finance of the Republic of Belarus, Syrokvashko I. V., main specialist consultant of Prosecutor's office of the Republic of Belarus;

N15/1 "About Denomination of Belarusian Ruble" considered in open session case "About constitutionality of the resolution of the Cabinet of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of August 12, 1994 (Zbor of the decree ў Prezidenta of i pastano ў Kabineta Ministra ў Respubliki Belarus", 1994, N 2, the Art. 55).

Took part in judicial session: vice-chairman of the Supreme Court of the Republic of Belarus Mironichenko I. A., First Deputy Chairman of Supreme Economic Court of the Republic of Belarus Kiselyov A. I.

According to the resolution of the Cabinet of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of August 12, 1994 N 15/1 "About denomination of Belarusian ruble" denomination of Belarusian ruble by 10 times was made. With respect thereto it was offered to all legal entities and physical persons to provide as of August 20, 1994 recalculation towards reduction by 10 times of assets and liabilities, all price types and rates, and also receipts and the income, including the income of the population. Calculations for shipped goods and the rendered services on which payments were not made before denomination shall be performed after denomination at the new, reduced by 10 times prices. By the resolution it was also determined that since August 20, 1994 settlement tickets of National Bank are obligatory to acceptance in the territory of the Republic of Belarus by all legal entities and physical persons on all payment types, the translations, for transfer on deposits (deposits) and on settlement, current accounts at their nominal.

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