Majilismen approved ratification of agreement on establishment of integrated CIS currency market

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ASTANA. KAZINFORM - The draft law "On ratification of the Agreement on cooperation in the sphere of organization of the integrated currency market of the CIS member states" was approved at the plenary session of the Majilis of the Parliament of Kazakhstan.

"The main idea of the draft law is about creation of favorable conditions for equal and mutually beneficial participation of the banks of the CIS member states in conversion operation on currency markets of the CIS states. In order to achieve this goal, the presidents of the CIS states signed the Agreement on cooperation in the sphere of establishment of the integrated currency market of the CIS on December 5, 2012," Deputy Chairman of the Board of the National Bank of Kazakhstan Oleg Smolyakov said representing the draft law.

According to him, the agreement will allow to ensure access for the banks to the national currency markets of the CIS member states for holding conversion operations under equal conditions provided by the banks within the country.

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