Foreign Exchange and Foreign Trade Control Law. Copyright Roderick Seeman

Article 7 (Foreign exchange rates)

The Minister of Finance shall determine a basic foreign exchange market for our currency under approval of the Cabinet, which shall be applicable to all transactions uniformly.

2. The Minister of Finance shall determine appropriate cross exchange markets for foreign currencies.

3. The Minister of Finance may determine the foreign exchange selling market and foreign exchange buying market in appropriate foreign exchange transactions, as well as handling commissions thereof.

4. When, based on the provisions of the preceding three paragraphs, the Minister of Finance has determined the standard foreign exchange market, the foreign exchange selling market, the foreign exchange buying market and the commissions therein or handling commissions, nobody may carry out transactions not in accordance therewith.