EurAsEC To Lift Currency Restrictions

Friday, 12 December, 2008

Eurasian Economic Community (EurAsEC) member states have agreed to remove currency restrictions on capital flows within the organization. A respective agreement on the key principles of currency policies for capital flow regulation and control was signed following a EurAsEC meeting in Moscow today.

According to the document, the parties intend to gradually eliminate currency restrictions that hinder effective economic cooperation in which EurAsEC residents are involved. Specifically, the participants of the agreement are to lift currency restrictions on raising same day cash loans within 90 days.

Source:http://www.rbcnews.com/