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

  • J) GOODWILL: Goodwill represents the excess of the cost of businesses acquired over the fair value of their net assets.

  • Other relevant laws include: the Law for Preventing and Repressing the Financing of Terrorism (Decree No. 58-2005), the Law on Free Trading in Foreign Exchange (Decree No. 94-2000), the Law on the Securities and Commodities Market (Decree No. 34-96), the Currency Law (Decree No. 136-96), the General Law on Cooperatives (Decree No. 82-78), and the Law on Private Financial Companies (Decree No. 208).

  • Joint accounts are opened and held for two Account Holders who have full legal capacity and are residents or two Account Holders who are non-residents within the meaning of the Foreign Currency Law, who have the same tax residence country and both have valid tax residence certificates, or neither of them has a valid tax residence certificate.

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

  • B Smith and R Wilson, "The Electronic Future Of Cash: Article: How Best To Guide The Evolution Of Electronic Currency Law" (1997) 46 American University Law Review 1105 at 1112.general have not required the issuers to hold a banking authorisation.

  • It is mandatory to use Rupiah currency in every transaction as payment or other activities that must use the territory of the Republic of Indonesia.Therefore, using digital currency in Indonesia is very risky, let alone risk violating the Currency Law, which leads to criminal acts with criminal penalties of confinement and fines.Furthermore, Bank Indonesia has regulated the prohibition of the use of digital currencies.

  • For instance, the Code of Protection on Value of Turkish Currency (Law No. 1567) and the Code of Protection on Cultural and Natural Assets (Law No. 2863) are automatically and directly applicable in any relevant dispute.• Mandatory provisions of foreign law regulated under Article 31 of the IPPL, which are applicable only to disputes arising from contractual transactions.

  • 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.

  • Under the Currency Law and PBI 17/3/2015, all parties are required to use Rupiah for cash and non-cash transactions conducted within Indonesia, including (i) each transaction which has the purpose of payment; (ii) the settlement of other obligations which must be satisfied with money; or (iii) other financial transactions (including deposits of Rupiah in various amounts and types of Rupiah denomination from customers to banks).

  • Wilson, The Electronic Future Of Cash: Article: How Best To Guide The Evolution Of Electronic Currency Law, 46 Am. U.L. Rev.

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.

  • Currency means Dollars or any Foreign Currency.

  • 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.

  • Foreign Currency means any currency or currency unit issued by a government other than the government of The United States of America.

  • 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 direct obligations (or certificates representing an ownership interest in such obligations) of a member state of the European Union (including any agency or instrumentality thereof) for the payment of which the full faith and credit of such government is pledged. For purposes of this Supplemental Indenture and the Notes, references in the Base Indenture to “Government Obligations” shall be deemed to refer to “European Government Obligations.”

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

  • Domestic Currency means the currency specified as such and any successor currency. If no currency is so specified, the Domestic Currency shall be the lawful currency and any successor currency of (i) the relevant Reference Entity, if the Reference Entity is a Sovereign, or (ii) the jurisdiction in which the relevant Reference Entity is organised, if the Reference Entity is not a Sovereign. In no event shall Domestic Currency include any successor currency if such successor currency is the lawful currency of any of Canada, Japan, Switzerland, the United Kingdom or the United States of America or the euro (or any successor currency to any such currency).

  • 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.

  • 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, without limitation, 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 means the single currency of Participating Member States of the European Union.

  • Cryptocurrency means a digital or electronic medium of exchange, operating independently of a central bank, in which encryption techniques are used to regulate generation of units and to verify transfer of units from one person to another.

  • Foreign Currency Equivalent means, with respect to any amount in Dollars, the amount of any Foreign Currency that could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as determined by the Administrative Agent.

  • Foreign Currency Loan means each Revolving Loan denominated in a Designated Foreign Currency and bearing interest at a rate based upon the Adjusted Foreign Currency Rate.

  • Issue Currency or "SEK" means Swedish Krona. "Launch Date" means 04 March 2022.