New duty of currency import-export to be introduced in Armenia
30.10.2007,
18:59
A new duty of currency import and export will be introduced in Armenia soon, said Chairman of the Central Bank of Armenia (CBA) Tigran Sargsian.
YEREVAN, October 30. /ARKA/. A new duty of currency import and export will be introduced in Armenia soon, said Chairman of the Central Bank of Armenia (CBA) Tigran Sargsian. According to him, the new duty makes provisions for currency import and export compulsory rules set by international organizations.
The regulations are part of the struggle against money laundering and financing of terrorism. “Sooner or later we will have to implement those duties,” Sargsian said. “Our policy now is to study experience of other countries for the purpose of implementing more effective mechanisms. This is why, we do not hurry with their introduction.”
At present, liberal rights in Armenia allow both residents and non-residents to freely import and export currency. –0—
The regulations are part of the struggle against money laundering and financing of terrorism. “Sooner or later we will have to implement those duties,” Sargsian said. “Our policy now is to study experience of other countries for the purpose of implementing more effective mechanisms. This is why, we do not hurry with their introduction.”
At present, liberal rights in Armenia allow both residents and non-residents to freely import and export currency. –0—
