BelVEB offers service for registration of natural persons’ contracts in FX on NBB website for Br20
MINSK, Jul 8 - PrimePress. BelVEB Bank OJSC will start providing from July 9, 2021 a service for registration (servicing) of foreign exchange contracts of individuals on the website of the National Bank of Belarus (NBB). The fee is set at Br20 ($7.8 at the rate of National Bank of Belarus) per contract (inclusive of 20% VAT), the bank’s press office reports.<br> <br> BelVEB will provide documents and other information on FX contracts and information on the performance of obligations under FX contracts in full for Br5 ($1.96) per application (inclusive of 20% VAT). <br> <br> As previously reported, a new version of law No. 226-З on currency regulation and currency control of July 22, 2003 takes effect on July 9, 2021 together with the instruction on the registration of FX contracts by residents, which determine a new registration procedure for contracts (agreements) and other documents, based on which foreign exchange transactions are performed. They stipulate that resident natural persons are to register FX contracts and provide documents and other information on the performance of obligations under the registered FX contracts in the manner prescribed by the National Bank.<br> <br> The obligation to register FX contracts arises if the contract is concluded with a non-resident, the amount of monetary obligations under the contract is not defined or amounts to 2,000 base values or over as of the contract date, or if a currency transaction under the contract is on the list specified in Paragraph 3.2 of the instruction.<br> <br> BelVEB Bank OJSC was registered by the National Bank of the Republic of Belarus on December 12, 1991. The share of the Russian state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) in the authorized capital of BelVEB Bank OJSC makes up 97.52%; Minsk City Territorial State Property Fund – 2.29%. BelVEB was assigned to the systemic significance Group I. End (Br2.5552/$1)<br> <br>
2021-07-08
Primepress
BelVEB offers service for registration of natural persons’ contracts in FX on NBB website for Br20
BelVEB will provide documents and other information on FX contracts and information on the performance of obligations under FX contracts in full for Br5 ($1.96) per application (inclusive of 20% VAT).
As previously reported, a new version of law No. 226-З on currency regulation and currency control of July 22, 2003 takes effect on July 9, 2021 together with the instruction on the registration of FX contracts by residents, which determine a new registration procedure for contracts (agreements) and other documents, based on which foreign exchange transactions are performed. They stipulate that resident natural persons are to register FX contracts and provide documents and other information on the performance of obligations under the registered FX contracts in the manner prescribed by the National Bank.
The obligation to register FX contracts arises if the contract is concluded with a non-resident, the amount of monetary obligations under the contract is not defined or amounts to 2,000 base values or over as of the contract date, or if a currency transaction under the contract is on the list specified in Paragraph 3.2 of the instruction.
BelVEB Bank OJSC was registered by the National Bank of the Republic of Belarus on December 12, 1991. The share of the Russian state corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) in the authorized capital of BelVEB Bank OJSC makes up 97.52%; Minsk City Territorial State Property Fund – 2.29%. BelVEB was assigned to the systemic significance Group I. End (Br2.5552/$1)