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Agreement between the Government of the Republic of Kazakhstan and Government of the Kyrgyz Republic on non-commercial payments

of June 8, 1993

According to article 6 of the Agreement between the Government of the Republic of Kazakhstan and the Government of the Kyrgyz Republic about cross liabilities in connection with introduction of national currency of the Kyrgyz Republic the Government of the Republic of Kazakhstan and the Government of the Kyrgyz Republic (which are hereinafter referred to as by the Parties) for the purpose of providing non-commercial payments between the Republic of Kazakhstan and the Kyrgyz Republic agreed as follows:

Article 1

The parties will provide to physical persons and legal entities with the permanent place of residence and the location in the territories of the Parties possibility of free money transfer in national currencies on uncommercial transactions which list and conditions of implementation are determined by the Ministries of Finance of the Parties in the special agreement.

Article 2

Payments in national currencies on uncommercial transactions are made through correspondent accounts of National Bank of the Republic of Kazakhstan in National Bank of the Kyrgyz Republic and National Bank of the Kyrgyz Republic in National Bank of the Republic of Kazakhstan. The specified payments can be made also through the correspondent accounts of commercial banks of the Republic of Kazakhstan and the Kyrgyz Republic opened by them in coordination with national banks of the Parties according to legislations of these countries.

Article 3

The ministries and departments will sign bilateral agreements about carrying out settlement on uncommercial transactions in coordination with the Ministries of Finance and banks of the Parties.

Article 4

Changes and additions by mutual consent of the Parties can be made to this agreement.

Article 5

All matters of argument connected with accomplishment and interpretation of this agreement will be permitted by negotiations.

Article 6

This agreement becomes effective from the date of exchange of notifications on accomplishment of the interstate procedures necessary for its approval. This agreement is effective until one of the Parties does not notify in writing through diplomatic channels other Party on the intention to terminate it. The agreement voids after three months after receipt of the notification on refusal of participation in this agreement.

It is made in Almaty on June 8, 1993 in three authentic copies, everyone in the Kazakh, Kyrgyz and Russian languages, and all texts are equally authoritative for both Parties.

 

For the Government of the Republic of Kazakhstan

For the Government of the Kyrgyz Republic

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

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