Decision Sciences
3 years ago

New currency legislation simplifies foreign trade transactions, benefiting businesses and banks.

Russian Foreign Economic Journal
Changes in the currency legislation to affect foreign trade participants
Olga Vladimirovna Leonova

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The new changes in currency legislation will simplify foreign trade transactions by removing the need for a transaction certificate. This means that companies and banks will have a smoother document flow, with banks taking on more responsibility for monitoring and registering currency transactions.