Communication from the Ministry of Foreign Affairs No. 65 / 1993 Coll.
Communication from the Ministry of Foreign Affairs on the Treaty between the Czech Republic and the Slovak Republic on the use of funds in national currencies in the field of mutual tourism
Valid
Effective from 07.02.1993
65
COMMUNICATION
Ministry of Foreign Affairs
The Ministry of Foreign Affairs announces that the Treaty between the Czech Republic and the Slovak Republic on the use of funds in national currencies in the field of mutual tourism was signed in Prague on 4 February 1993.
The Treaty has been approved The Chamber of Deputies of the Parliament of the Czech Republic and the President of the Czech Republic ratified it.
The Treaty entered into force on 8 February 1993 pursuant to Article 10 (2) thereof.
The Czech version of the Treaty is hereby published at the same time.
Contract
between the Czech Republic and the Slovak Republic on the use of funds in national currencies in the field of mutual tourism
In accordance with Article 4 of the Payment Agreement between the Czech Republic and the Slovak Republic of 4 February 1993, the Czech Republic and the Slovak Republic agreed as follows:
The Czech Republic and the Slovak Republic (hereinafter referred to as the "Contracting Parties') will allow the use of funds in the national currencies of the Czech Republic and the Slovak Republic (hereinafter referred to as the" funds') in private and business trips of natural persons from the Czech Republic to the Slovak Republic and from the Slovak Republic to the Czech Republic.
The funds in the national currency of the competent State may be used by natural persons for all payments connected with residence in that State.
The purchase and sale of funds in national currencies may be carried out by foreign exchange banks and other authorised entities of both States (hereinafter referred to as "banks').
The Czech National Bank and Národná banka Slovenska (hereinafter the "central banks') will inform each other about the banks that purchase and sell the funds of the other State and the amount of those funds purchased and sold by banks.
Banks buy and sell money in the national currency of one State for money in the national currency of the other State using the exchange rate established by them on the basis of supply and demand for such funds.
The banks of both states may purchase and sell money in national currencies on the terms and conditions agreed between them.
The banks shall exchange funds to be withdrawn from circulation under the relevant provisions of the Contracting Parties for valid funds in the same national currency.
The Contracting Parties hereby authorise the central banks to negotiate a Protocol which forms an integral part of the Treaty on the amount of cash and travel cheques which natural persons may carry on private and business trips from one State to another.
The arrangements for the application of this Treaty in the Czech Republic and the Slovak Republic shall be determined by the central banks of the Contracting Parties, which shall inform each other of the implementation of this Treaty.
In order to create favourable conditions for the implementation of this Treaty, the central banks of the Contracting Parties shall, on a one-off basis, sell funds in national currencies through the accounts referred to in Article 5 of the Payment Agreement between the Czech Republic and the Slovak Republic.
The unused part of the funds purchased in the national currency may be resold by the central bank of one Contracting Party to the central bank of the other Contracting Party within 3 months of the date of their purchase and the central bank of the other Contracting Party undertakes to purchase the funds.
The national currency rate applicable on the date of entry into force of the Payment Agreement shall be used to convert the amounts in national currencies into the ECU.
This Agreement may be amended or supplemented by mutual written consent from the Contracting Parties.
The Treaty shall enter into force on the date of the exchange of diplomatic notes confirming its approval in accordance with the constitutional procedure of the competent State and shall apply until 31.12.1993, unless the Contracting Parties agree to terminate it earlier.
After 31.12.1993, the Treaty shall be extended for an indefinite period, subject to the possibility that the Treaty may be terminated by written declaration by one of the Contracting Parties to the other Contracting Party no later than 3 months after the proposed termination of the Treaty.
Dane in Prague on 4 February 1993 in two copies, each in Czech and Slovak languages, both texts being equally authentic.
For the Czech Republic:
Ivan Kočárník v. r.
Deputy Prime Minister and Minister for Finance
For the Slovak Republic:
Július Tóth v. r.
Minister for Finance
Protocol
between the Czech National Bank and the National Bank of Slovakia on the limits of exports and imports of funds in national currencies in the field of mutual tourism between the Czech Republic and the Slovak Republic
In accordance with Article 7 of the Treaty between the Czech Republic and the Slovak Republic on the use of funds in national currencies in the field of mutual tourism of 4 February 1993, the Czech National Bank and the National Bank of Slovakia agreed as follows:
A natural person on private and business trips from the Czech Republic to the Slovak Republic and from the Slovak Republic to the Czech Republic can export and import cash in the national currencies of the Czech Republic and the Slovak Republic in the amount of CZK 7500 and CZK 7500 for each trip and travel cheques denominated in Czech or Slovak crowns without restriction.
The Czech National Bank and the National Bank of Slovakia shall take the necessary measures to safeguard this Protocol.
Dane in Prague on 4 February 1993 in two copies, each in Czech and Slovak languages, both texts being equally authentic.
For the Czech National Bank:
Josef Tošovský v. r.
Governor
For the National Bank of Slovakia:
Marián Yusko v. r.
Vice-Governor
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Regulation Information
| Citation | Communication from the Ministry of Foreign Affairs No. 65 / 1993 Coll., on the Treaty between the Czech Republic and the Slovak Republic on the use of funds in national currencies in the field of mutual tourism |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 08.02.1993 |
|---|---|
| Effective from | 07.02.1993 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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