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ARMENIAN PARLIAMENTARIANS OPPOSE RESTRICTION OF CASH OPERATIONS
arminfo
Monday, February 6, 15:25
Armenian parliamentarians killed the Bill of amendments to the Law
on restriction of cash operations and a number of accompanying laws,
including amendments to the Civil Code and the Code of Administrative
Offences, Monday. The parliament speaker had twice put the bill on
voting and the parliamentarians killed it.
Vahan Hovhannisyan, parliamentarian from ARFD party faction in
the parliament, says the idea of the bill is welcomed for it is
progressive. However, he thinks that various issues and problems
emerge in the real life and there is no solution to these problems
yet. The faction made a number of suggestions and will its stance on
the bill will depend on the response to the above suggestions.
Therefore, the party abstained from voting.
Earlier in his speech, Vice Chairman of the Armenian Central Bank
Nerses Yeritsyan said that the bill regulates non-cash operation, in
particular, the transfers to the name of a recipient. The bill provides
for non-cash operations for the operations exceeding 300,000 AMD at
medical establishments, 100,000 AMD at educational establishments. In
addition, the bill sets a specific term for the non-cash operation
to avoid delay of financial receipts. Realty deals of individual's
exceeding 3 mln drams should also be non-cash.
Earlier, such law applied to legal entities only. The bill stipulated
that starting 2014 Post-terminals will be installed at all the public
catering, trade facilities and medical establishments with an area
exceeding 200sq.m in Yerevan.
arminfo
Monday, February 6, 15:25
Armenian parliamentarians killed the Bill of amendments to the Law
on restriction of cash operations and a number of accompanying laws,
including amendments to the Civil Code and the Code of Administrative
Offences, Monday. The parliament speaker had twice put the bill on
voting and the parliamentarians killed it.
Vahan Hovhannisyan, parliamentarian from ARFD party faction in
the parliament, says the idea of the bill is welcomed for it is
progressive. However, he thinks that various issues and problems
emerge in the real life and there is no solution to these problems
yet. The faction made a number of suggestions and will its stance on
the bill will depend on the response to the above suggestions.
Therefore, the party abstained from voting.
Earlier in his speech, Vice Chairman of the Armenian Central Bank
Nerses Yeritsyan said that the bill regulates non-cash operation, in
particular, the transfers to the name of a recipient. The bill provides
for non-cash operations for the operations exceeding 300,000 AMD at
medical establishments, 100,000 AMD at educational establishments. In
addition, the bill sets a specific term for the non-cash operation
to avoid delay of financial receipts. Realty deals of individual's
exceeding 3 mln drams should also be non-cash.
Earlier, such law applied to legal entities only. The bill stipulated
that starting 2014 Post-terminals will be installed at all the public
catering, trade facilities and medical establishments with an area
exceeding 200sq.m in Yerevan.