The concept of securities in national currency and foreign currency is changing.

APA reports that this was reflected in the proposed amendment to the "Law on Currency Regulation", which was discussed at today's session of the Milli Majlis.

According to the change, the concept of securities in the national currency will be considered shares, bonds, bills and other securities whose nominal value is expressed in manat.

According to the current law, the concept of securities in the national currency includes payment documents denominated in manat (cheques, promissory notes, letters of credit, etc.), fund assets (shares, bonds) and other debt obligations.

At the same time, according to the proposed change, the concept of securities in foreign currency will include shares, bonds, promissory notes and other securities whose nominal value is expressed in foreign currency.

According to the current law, foreign currency securities include payment documents denominated in foreign currency (cheques, promissory notes, letters of credit, etc.), fund assets (stocks, bonds) and other debt obligations.

According to the draft law, the requirements of this law related to securities in national and foreign currency will also be applied to checks and other payment documents.

The bill was voted and adopted in the first reading.