Law No. 248 Of 29 December 1998

Original Language Title:  LEGE nr. 248 din 29 decembrie 1998

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Law No. 248 of 29 December 1998 for approval of Government Ordinance No. 18/1996 on the employment of government borrowing through issuance of bonds denominated in foreign currency on the internal market published in PARLIAMENT ISSUING the OFFICIAL GAZETTE nr. 511 of 30 December 1998 Parliament adopts this law.


The sole article approving Ordinance No. 18 of 22 July 1996 concerning the hiring of government borrowing through issuance of bonds denominated in foreign currency on the domestic market, issued pursuant to art. and (b). c) of law No. 65/1996 on empowering the Government to issue decrees and published in the Official Gazette of Romania, part I, no. 163 of 25 July 1996, with the following amendment: Article 4 shall read as follows: Art. 4.-Rates and interest due shall be paid in the currency stipulated in the issued State bonds, and the equivalent in lei currency supports from the State budget. "
This law was adopted by the Senate at its meeting on 2 November 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the SENATE, pp. CRISTIAN DUMITRESCU this law was adopted by the Chamber of deputies at its meeting on 25 November 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. CHAMBER of DEPUTIES PRESIDENT, ANDREI CHILIMAN — — — — — — — — — — — — —