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Said transactions are regulated by the Law ''On currency regulation and currency control'' Adopted at November 24, 2004, The Law establishes terms and conditions of currency operations, cases and terms and conditions of ownership, management and use of currency values and regulates other relations pertaining to currency regulation and currency control in the Republic of Armenia.

As a general rule transactions in Armenia have to be made in Armenian drams. There are several cases (mainly, transactions between resident and non-resident legal entities and sole entrepreneurs) where use of foreign currency is permitted.

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