Kazakhstan Plans To Denounce Agreement With Russia
(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 9. Kazakhstan plans
to denounce an agreement with Russia on measures to ensure mutual
convertibility and stabilization of the exchange rates of the
Russian ruble and the Kazakh tenge, trend reports, citing the Open Government
portal.
The government cites the loss of relevance as the key reason for
the denunciation. The document will be available for comments until
20 January.
The agreement was signed on 20 January 1995. Under the bilateral
agreement, Kazakhstan and Russia pledged to gradually implement
measures to stabilize the exchange rates of the Kazakh tenge and
the Russian ruble against each other and freely convertible
currencies, as well as achieve mutual convertibility of the two
currencies.
Meanwhile, the Kazakh government also outlined plans to denounce
corresponding agreements with Mongolia, Kyrgyzstan, and
Belarus.
Kazakh government decided to denounce the above-mentioned
agreements due to their 'full implementation'.
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