Correction in legislative acts concerning matters of banking activity and exchange regulation have been admitted

/Kazakhstan today, April 24, 03/ - Today, on April 24 during the plenary session of the senate deputies passed the law "About including of changes and additions into some legislative acts of RK concerning the matters of banking activity, exchange regulation and exchange control", a correspondent of KZ-today informed. The law introduces norms, which provide liberalization of individual currency transactions. In particular, increasing of terms of payments in export-import deals from 120 to 180 days, and on goods export, list of which is determined by the government, to 365 days. Besides, the right of banks for conducting of broker and dealer activity in government securities of the countries, which have minimal required rating of one of rating agencies, is provided. The law has been given for the country's president's signing. [2003-04-24]