Session of Permanent Commission of SPA Standing Committee Held

Pyongyang, July 15 (KCNA) -- A session of the Permanent Commission of the Standing Committee of the Supreme People's Assembly (SPA) of the DPRK took place.

The session brought up for discussion the issues of amending and supplementing the DPRK's Law on Central Bank and Law on Electronic Settlement and adopted relevant resolutions.

Some contents of the DPRK's Law on Central Bank, whose basic mission is to correctly implement the state financial policy and contribute to improving and strengthening the financial work by strictly establishing the system and order in the work of the Central Bank, have been amended and supplemented.

The Law on Central Bank covers the issue of taking relevant structural measures for further improving and strengthening fiscal and monetary work and the contents for thoroughly observing the rules of its operation.

The Law on Electronic Settlement specifies detailed technical issues for overcoming the possible deviations in the introduction and use of electronic settlement system. -0-

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