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Monetary funds and monetary instruments

Monetary funds and monetary instruments

 
In accordance with the Agreement the monetary funds shall mean banknotes and treasury notes, coins, except for the coins made of precious metals in circulation which  represent  the lawful means of paying in the member-states of the customs union or foreign states (a group of foreign states), including the treasurey notes withdrawn or seized from circulation, but subject  to exchange for  circulated banknotes. Monetary instruments mean  circular cheques, bills of exchange,  cheques (banking cheques), as well as securities in the documentary form certifying the issuer's (debtor's) for  payment of monetary funds without mentioning the person to whom  this payment is carried out.
 

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