FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between nationals and companies of the Parties shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency.
2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party.
3. Nationals and companies of a Party holding currency of the other Party received in an authorized manner may deposit such currency in financial institutions located in the territory of the other Party and may maintain and use such currency for local expenses.
4. Without derogation from paragraphs 2 or 3 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party the better of most-favored-nation or national treatment with respect to:
(a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited, in financial institutions located in the territory of the Party;
(b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country;
(c) rates of exchange and related matters, including access to freely usable currencies, such as through currency auctions; and
(d) the receipt and use of local currency and its use for local expense.
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United States dollars or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency.
2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions.
3. Without derogation from section 2 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party most-favored-nation or national treatment, whichever is most favorable, with respect to:
(a) opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited in financial institutions located in the territory of the Party provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions;
(b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country provided that nationals and companies of the other Party may be required to comply with administrative formalities for such repatriation; and provided further that such formalities may not constitute a restriction on payments or transfers for current transactions; and
(c) rates of exchange and related matters, including access to freely usable currencies.
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between Armenian organizations and United States nationals and companies shall be made in United States dollars or any other freely convertible currency that may be mutually agreed upon by such organizations,.nationals and companies.
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United States dollars or any other currency that may be designated periodically by the International Monetary Fund as being a freely usable currency.
2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party.
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. All commercial transactions between nationals or companies of the Parties shall be made in United States dollars, or any other currency that may be designated from time to time by the International Monetary Fund as being a freely usable currency unless otherwise agreed between the parties to individual transactions.
2. Neither Party shall restrict the export from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in an authorized manner in connection with trade in products and services by nationals or companies of the other Party.
3. Expenditures in the territory of a Party by nationals and companies of the other Party may be made in local currency received in an authorized manner.
4. In connection with trade in products and services, each party shall grant to nationals and companies of the other Party on-discriminatory treatment with respect to:
(a) opening and maintaining accounts in both local and foreign currency, and having access to funds deposited, in financial institutions located in the territory of the Party;
(b) payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country; and
(c) rates of exchange and related matters.
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between United States nationals and companies and Georgian nationals and companies shall be made in United States dollars or any other freely convertible currency that may be mutually agreed upon by such nationals and companies.
2. No restrictions shall be placed by either Party upon the export from its territory of freely convertible currencies, including deposits or instruments representative of such currencies, obtained in an authorized manner in connection with trade in products and services by nationals and companies of the other Party.
3. Nationals and companies of a Party holding currency of the other Party received in an authorized manner may deposit such currency in authorized financial institutions located in the territory of the other Party and may maintain and use such currency for local expenses in accordance with applicable laws and regulations of the other Party.
4. Without derogation from paragraph 2, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party most-favored-nation treatment with respect to:
(a) opening and maintaining accounts, in both foreign and local currency, and having access to funds deposited, in financial institutions located in the territory of the Party;
(b) payments, remittances and transfers of freely convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country;
(c) rates of exchange offered by financial institutions authorized to deal in foreign exchange, and authorized means of obtaining freely convertible currencies; and
(d) the receipt and use of local currency. ARTICLE VIII
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to individual transactions, all commercial transactions between United States nationals and companies and Kazakh nationals and organizations shall be made in United States dollars or any other freely convertible currency that may be mutually agreed upon by such nationals, companies and organizations.
2. No restrictions shall be placed by either Party upon the export from its territory of freely convertible currencies, including deposits or instruments representative of such currencies, obtained in an authorized manner in connection with trade in products and services by nationals, companies and organizations of the other Party.
3. Nationals, companies and organizations of a Party holding currency of the other Party received in an authorized manner may deposit such currency in authorized financial institutions located in the territory of the other Party and may maintain and use such currency for local expenses in accordance with applicable laws and regulations of the other Party.
4. Without derogation from paragraph 2, in connection with trade in products and services, each Party shall grant to nationals, companies and organizations of the other Party most- favored-nation treatment with respect to:
(a) opening and maintaining accounts, in both foreign and local currency, and having access to funds deposited, in financial institutions located in the territory of the Party;
(b) payments, remittances and transfers of freely convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of any third country;
(c) rates of exchange offered by financial institutions authorized to deal in foreign exchange, and authorized means of obtaining freely convertible currencies; and
(d) the receipt and use of local currency. ARTICLE VIII
FINANCIAL PROVISIONS RELATING TO TRADE IN PRODUCTS AND SERVICES. 1. Unless otherwise agreed between the parties to such transactions, all commercial transactions shall be made in United states dollars or any other currency that may be designated from time to time by the international Monetary Fund as being a freely usable currency.
2. Neither Party shall restrict the transfer from its territory of convertible currencies or deposits, or instruments representative thereof, obtained in connection with trade in products and services by nationals and companies of the other Party.
3. Without derogation from section 2 of this Article, in connection with trade in products and services, each Party shall grant to nationals and companies of the other Party the better of most-favored-nation or national treatment with respect to:
A. opening and maintaining accounts, in both local and foreign currency, and having access to funds deposited in financial institutions located in the territory of the Party;
B. payments, remittances and transfers of convertible currencies, or financial instruments representative thereof, between the territories of the two Parties, as well as between the territory of that Party and that of, any third country; and
C. rates of exchange and related-matters, including access to freely usable currencies. ARTICLE VII
