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  N e w s

16 DECEMBER 2003  

The President Putin has signed the law on currency regulation and control

As it has been reported by the First Channel, the President Putin informed about it at the meeting with the Government.

The new law broadens Russian citizens’ right to open accounts at foreign banks. Besides, the definition “currency values” has changed significantly. Precious metals and natural gemstones are no longer currency values, only currencies and bonds are included into this list.

Vladimir Putin announced, "This new edition of the law gives more transparent formulations and facilitates the rules for investors; it abandons obsolete currency limits in trade. First, new law edition, provides full and laconic list of currency operations liable to regulation. All other operations not mentioned in the law are fulfilled without limitations".



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