(Tax News Reporter - Week ended 11 June 1996)
The Central Bank has started issuing the official rouble-dollar rate on a daily basis. The rate is calculated on the basis of the interbank foreign currency exchange offer and bid rates and other parameters more macro-economical in nature. The daily rate is expected to be used, inter alia, for tax and accounting purposes and is supposed to be issued every day at 10.00 AM. Official exchange rates for other main currencies are issued daily at 12.00 noon.
Order of the Central Bank of 20 May 1996 No. 282
Legal developments are usually reported in Tax News Reporter on official publication. This may be long after the law is issued.
This publication is intended for general guidance only and should not form the basis of specific decisions.
For further information contact Stewart Naunton on Tel: +7 503 232 5511 or Fax: +7 503 232 5522 or enter a text search 'Coopers & Lybrand' and 'Business Monitor'.
The Central Bank has started issuing the official rouble-dollar rate on a daily basis. The rate is calculated on the basis of the interbank foreign currency exchange offer and bid rates and other parameters more macro-economical in nature. The daily rate is expected to be used, inter alia, for tax and accounting purposes and is supposed to be issued every day at 10.00 AM. Official exchange rates for other main currencies are issued daily at 12.00 noon.
Order of the Central Bank of 20 May 1996 No. 282
Legal developments are usually reported in Tax News Reporter on official publication. This may be long after the law is issued.
This publication is intended for general guidance only and should not form the basis of specific decisions.
For further information contact Stewart Naunton on Tel: +7 503 232 5511 or Fax: +7 503 232 5522 or enter a text search 'Coopers & Lybrand' and 'Business Monitor'.
