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MEMORANDUM Of UNDERSTANDING
REGARDING COOPERATION
AND EXCHANGE Of INFORMATION
-
BETWEEN
BANK INDONESIA
AND
THE BULGARIAN NATIONAL BANK
Taking Into consideration the friendly and cooperative relationship
existing between the two countries, and with the intention of promoting and
enhancing the cooperation between the two central banks.
Bank Indonesia (hereinafter called BI), the Central Bank of the
Republic of Indonesia and The Bulgarian National Bank, (Hereinafter called
BNB), the Ceqtral Bank of Republic Bulgaria, ｨ｡ｶｾ＠
agreed to the following :
1. BI and BNB, within the scope of the legal framework of their respective
countries,
shall endeavor to make their best efforts to enhance
cooperation aimed at developing to closer collaboration of financial and
banking activities between the two countries.
2. In the case of any possible differences and/or disputes arising out
of transactions concluded between commercial banks shall be settled
between the commerclal banks concerned.
BI and BNB shall advise
and/or recommend a relevant solution or solutions for expediting an
early settlement of such differences and disputes.
3. In this regard, BI and BNB also agree to :
i) Exchange information on financial and banking activit1es as well as
on any provision concerning the finance and banking activities
of their respective countries.
L
ii) Promote and establish between the two central banks a fruitful
cooperation, which will entail an exchange of officials and staffs
of both central banks, whenever it might be necessary to have a
closer view on predetermined specific areas of activities of the
central banks.
The Issues of mutual interest shall be determined through an
exchange of letters between the two central banks.
4. Any possible disagreement arising out of the interpretation
of this Memorandum of Understanding shall be settled amicably by
means of a consultation between the BI and BNB.
Both BI and BNB shall provide an adequate opportunity for such
a consultation.
5. This Memorandum of Understanding shall come into force from the
date it is signed, and will be valid for a period of two years. It shall be
automatically renewed unless either BI or BNB previously gives a
written notice to the contrary.
This Memorandum of Understanding is made in English in two copies.
Each copy shall constitute an original.
Signed this day ｾｦ＠
Signed
Mnk Indonesia
41
ｶｾ＠
2001, in
J"'OFt.+
Signed
The Bulgarian National Bank
REGARDING COOPERATION
AND EXCHANGE Of INFORMATION
-
BETWEEN
BANK INDONESIA
AND
THE BULGARIAN NATIONAL BANK
Taking Into consideration the friendly and cooperative relationship
existing between the two countries, and with the intention of promoting and
enhancing the cooperation between the two central banks.
Bank Indonesia (hereinafter called BI), the Central Bank of the
Republic of Indonesia and The Bulgarian National Bank, (Hereinafter called
BNB), the Ceqtral Bank of Republic Bulgaria, ｨ｡ｶｾ＠
agreed to the following :
1. BI and BNB, within the scope of the legal framework of their respective
countries,
shall endeavor to make their best efforts to enhance
cooperation aimed at developing to closer collaboration of financial and
banking activities between the two countries.
2. In the case of any possible differences and/or disputes arising out
of transactions concluded between commercial banks shall be settled
between the commerclal banks concerned.
BI and BNB shall advise
and/or recommend a relevant solution or solutions for expediting an
early settlement of such differences and disputes.
3. In this regard, BI and BNB also agree to :
i) Exchange information on financial and banking activit1es as well as
on any provision concerning the finance and banking activities
of their respective countries.
L
ii) Promote and establish between the two central banks a fruitful
cooperation, which will entail an exchange of officials and staffs
of both central banks, whenever it might be necessary to have a
closer view on predetermined specific areas of activities of the
central banks.
The Issues of mutual interest shall be determined through an
exchange of letters between the two central banks.
4. Any possible disagreement arising out of the interpretation
of this Memorandum of Understanding shall be settled amicably by
means of a consultation between the BI and BNB.
Both BI and BNB shall provide an adequate opportunity for such
a consultation.
5. This Memorandum of Understanding shall come into force from the
date it is signed, and will be valid for a period of two years. It shall be
automatically renewed unless either BI or BNB previously gives a
written notice to the contrary.
This Memorandum of Understanding is made in English in two copies.
Each copy shall constitute an original.
Signed this day ｾｦ＠
Signed
Mnk Indonesia
41
ｶｾ＠
2001, in
J"'OFt.+
Signed
The Bulgarian National Bank