Currency Law definition

Currency Law means Federal Law of the Russian Federation No. 173-FZ of 10 December 2003 On Currency Regulation and Control, together with any regulations adopted or issued by the Government of the Russian Federation or the Central Bank of the Russian Federation pursuant thereto or implementing the provisions thereof (as amended or replaced from time to time).
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Currency Law means Federal Law of the Russian Federation No. 173-FZ "On Currency Regulation and Currency Control" dated 10 December 2003 together with any implementing regulations adopted or issued by the Central Bank of the Russian Federation and/or the Government of the Russian Federation (including Instruction 117-I).
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Examples of Currency Law in a sentence

  • When the Conventional Rates are payable in Mexican territory in terms of the Contract, those will have to be converted in Mexican pesos, in accordance with the Currency Law, at the exchange rate published by the Bank of México on the Official Gazette of the Federation, the day of the billing.

  • While the repeal of the Uniform Currency Law authorizes Philippine residents to denominate transactions in currencies other than the Philippine peso, existing policies on FX transactions prohibit resident-to-resident FX transactions from being funded with FX to be purchased from AABs and AAB-forex corps.

  • The MOF Interpretation explains that the Currency Law of Law No. 7/2011 only applies to cash transactions (bank notes and coins).

  • The buyer authorizes Inloher to deduct this amount from the security deposit on fund, or from any other payment made by the buyer.

  • The Currency Law contains a list of permitted operations that Russian residents can perform using their overseas bank accounts.

  • Under the Currency Law, foreign currency valuables (which includes currency, securities and precious metals) may be imported into Kazakstan by residents and non-residents without limitation.

  • In the event that the Investor exercises the Option and Purchases the Option Shares, the Investor further agrees that it will establish, in accordance with the Currency Law of the Russian Federation, and Instruction 16 of the Central Bank of the Russian Federation, a type "I" special rouble account at an authorized bank located within the Russian Federation; and it will make capital contributions to the Company denominated in roubles which shall be equivalent to US$655,000.

  • Along with what is generally allowed under the Currency Law, Russian resident individuals can receive the following funds on their overseas accounts from non-residents: (i) salary and other employment-related payments; (ii) sums awarded under foreign court judgments (save for international commercial arbitration); (iii) pensions, scholarships, alimony and other social payments; (iv) insurance payments; and (v) refunds and payments made in error.

  • The Customer shall be required when making translations abroad via the Internet / Mobile Banking Service, to provide immediately in the office/branch of the Bank where his/her account is serviced, documents in original or certified copies, demonstrating the reason for the translation, etc., according to the requirements of the Currency Law and other legislative acts of the Republic of Bulgaria and the EU.Art.

  • The Currency Law and the Law on the Security of the Estonian kroon still contain incompatibilities (notably related to the ECB's exclusive right to authorise the issue of banknotes and the ECB's role in the conduct of foreign exchange operations and in the definition of the foreign exchange policy).

Related to Currency Law

  • Currency exchange means receipt of revenues from the exchange of money of one government for money of another government.

  • Currency Pair means the object or Underlying Asset of a CFD Transaction based on the change in the value of one currency against the other. A Currency Pair consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the Quote currency is needed to purchase one unit of the Base Currency.

  • Insolvency Law means any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect.

  • Currency means any currency or currencies, composite currency or currency unit or currency units, including, without limitation, the Euro, issued by the government of one or more countries or by any recognized confederation or association of such governments.

  • Foreign Currency Hedge means any foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency.

  • Bankruptcy Law means Title 11, U.S. Code, or any similar federal or state law for the relief of debtors.

  • Foreign Currency means any currency other than the currency of Kenya;

  • Spanish Insolvency Law means the restated text of the Spanish Insolvency Law (Ley Concursal) approved by the Royal Decree-Legislative 1/2020, of 5 May, as amended from time to time.

  • Index Currency means USD.

  • LIBOR Currency means the currency specified on the face hereof as to which LIBOR shall be calculated or, if no currency is specified on the face hereof, United States dollars. “LIBOR Page”

  • Currency Hedge Obligations means, at any time as to any Person, the obligations of such Person at such time that were incurred in the ordinary course of business pursuant to any foreign currency exchange agreement, option or futures contract or other similar agreement or arrangement designed to protect against or manage such Person’s or any of its Subsidiaries’ exposure to fluctuations in foreign currency exchange rates.

  • European Government Obligations means any security that is (1) a direct obligation of Ireland, Belgium, the Netherlands, France, The Federal Republic of Germany or any other country that is a member of the European Monetary Union on the Issue Date, for the payment of which the full faith and credit of such country is pledged or (2) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (1) or (2), is not callable or redeemable at the option of the issuer thereof.

  • Designated LIBOR Currency means the currency or composite currency specified on the face hereof as to which LIBOR shall be calculated. If no such currency or composite currency is specified on the face hereof, the Designated LIBOR Currency shall be United States dollars.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Foreign Currency LC Exposure means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn and unexpired amount of all outstanding Foreign Currency Letters of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

  • National Currency Unit means the unit of the currency of a country as those units are defined on the day before the start of the third stage of European Economic and Monetary Union pursuant to the Treaty or, in connection with the expansion of such third stage, to any country which has not initially participated in such third stage; and

  • Currency Business Day means a day on which commercial banks and foreign exchange markets are open for general business (including dealings in foreign exchange and foreign currency deposits) in the principal financial centre of the Relevant Currency or, in the case of euros, a city in which banks in general have access to the TARGET2 System.

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • Not Domestic Currency means any obligation that is payable in any currency other than the Domestic Currency.

  • Eurocurrency Payment Office of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.

  • Interest Rate or Currency Protection Agreement of any Person means any forward contract, futures contract, swap, option or other financial agreement or arrangement (including caps, floors, collars and similar agreements) relating to, or the value of which is dependent upon, interest rates or currency exchange rates or indices.

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Overnight Foreign Currency Rate means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three (3) Business Days, then for such other period of time as the Administrative Agent may elect) for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event, plus any taxes, levies, imposts, duties, deductions, charges or withholdings imposed upon, or charged to, the Administrative Agent by any relevant correspondent bank in respect of such amount in such relevant currency.

  • Euro and “€” mean the single currency of the Participating Member States.