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

of June 15, 1993

According to article 2 of the Agreement between the Government of the Republic of Uzbekistan, the Central bank of the Republic of Uzbekistan and the Government of the Kyrgyz Republic, National Bank of the Kyrgyz Republic about the organization of calculations, in connection with introduction by the Kyrgyz Republic of national currency som, the Government of the Republic of Uzbekistan 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 Uzbekistan 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 percent 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 the Central bank of the Republic of Uzbekistan in National Bank of the Kyrgyz Republic and National Bank of the Kyrgyz Republic in the Central bank of the Republic of Uzbekistan.

Article 3

The ministries and departments will sign bilateral agreements about carrying out settlement on uncommercial transactions in coordination with the Ministries of Finance of the Parties both the Central bank of the Republic of Uzbekistan and National Bank of the Kyrgyz republic.

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 Tashkent on June 15, 1993 in three authentic copies, everyone in the Uzbek, Kyrgyz and Russian languages, and all texts are equally authoritative for both Parties.

 

For the Government of the Republic of Uzbekistan

For the Government of the Kyrgyz Republic

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