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FEDERAL LAW OF THE RUSSIAN FEDERATION

of December 10, 2003 No. 173-FZ

About currency control and currency exchange control

(The last edition from 25-12-2018)

Accepted by the State Duma of the Russian Federation on November 21, 2003

Approved by Council of the Russian Federation on November 26, 2003

The purpose of this Federal Law is ensuring realization of single state monetarist policies, and also stability of currency of the Russian Federation and stability of the domestic foreign exchange market of the Russian Federation as factors of progressive development of national economy and international economic cooperation.

Chapter 1. General provisions

Article 1. The basic concepts used in this Federal Law

1. For the purposes of this Federal Law the following basic concepts are used:

1) currency of the Russian Federation:

a) the bank notes in the form of banknotes and coin of the Bank of Russia which are in circulation as legal means of cash payment in the territory of the Russian Federation, and also withdrawn or withdrawn from circulation, but subject to exchange the specified bank notes;

b) means on bank accounts and in bank deposits;

2) foreign currency:

a) bank notes in the form of banknotes, treasury notes, the coins which are in circulation and being legal means of cash payment in the territory of the corresponding foreign state (group of foreign states) and also withdrawn or withdrawn from circulation, but which are subject to exchange the specified bank notes;

b) means on bank accounts and in bank deposits in monetary units of foreign states and international cash or units of account;

3) internal securities:

a) issued securities which nominal value is specified in currency of the Russian Federation and which release is registered in the Russian Federation;

b) other securities certifying the right to currency of the Russian Federation, issued in the territory of the Russian Federation;

4) external securities - securities, including in paperless form, not belonging according to this Federal Law to internal securities;

5) currency values - foreign currency and external securities;

6) residents:

a) the physical persons who are citizens of the Russian Federation;

b) constantly living in the Russian Federation based on the residence permit, stipulated by the legislation the Russian Federation, foreign citizens and stateless persons;

c) the legal entities created in accordance with the legislation of the Russian Federation, except for the foreign legal entities registered according to the Federal Law "About the International Companies";

d) the branches which are outside the territory of the Russian Federation, representations and other divisions of the residents specified in the subitem "v" of this Item;

e) diplomatic representations, consular establishments of the Russian Federation, permanent missions of the Russian Federation in case of international (interstate, intergovernmental) the organizations, other official representations of the Russian Federation and representation of federal executive bodies which are outside the territory of the Russian Federation;

e) The Russian Federation, subjects of the Russian Federation, municipalities which act in the relations regulated by this Federal Law and other Federal Laws and other regulatory legal acts accepted according to it;

7) nonresidents:

a) the physical persons which are not residents according to subitems "an" and "b" of Item 6 of this part;

b) the legal entities created according to the legislation of foreign states and having the location outside the territory of the Russian Federation;

c) the organizations, not being legal entities, created according to the legislation of foreign states and having the location outside the territory of the Russian Federation;

d) the diplomatic representations accredited in the Russian Federation, consular establishments of foreign states and permanent missions of the specified states under interstate or intergovernmental organizations;

e) interstate and intergovernmental organizations, their branches and permanent missions in the Russian Federation;

e) the branches which are in the territory of the Russian Federation, permanent missions and other isolated or independent structural divisions of the nonresidents specified in subitems "b" and "v" of this Item;

e. 1) the foreign legal entities registered according to the Federal Law "About the International Companies";

g) the other persons who are not specified in Item 6 of this part;

8) authorized banks - the credit institutions created in accordance with the legislation of the Russian Federation and having the right based on licenses of the Central bank of the Russian Federation to perform banking activities with means in foreign currency;

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