RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of November 29, 2017 No. 230

About approval of Rules of determination of solvency of banknotes and coins of national currency of the Republic of Kazakhstan

According to the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve Rules of determination of solvency of banknotes and coins of national currency of the Republic of Kazakhstan according to appendix 1 to this resolution.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to the list according to appendix 2 to this resolution.

3. To management on work with cash (Abisheva T. T.) in the procedure established by the legislation of the Republic of Kazakhstan to provide:

1) together with Legal department (Sarsenov N. V.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) within ten calendar days from the date of state registration of this resolution the direction it the copy in paper and electronic type in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "The republican center of legal information" for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;

4) within ten working days after state registration of this resolution submission to Legal department of data on execution of the actions provided by subitems 2), 3) of this Item and item 4 of this resolution.

4. To management on consumer protection of financial services and external communications (Terentyev A. L.) provide within ten calendar days after state registration of this resolution the direction it to the copy on official publication in periodic printing editions.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Republic of Kazakhstan Galiyeva D. T.

6. This resolution becomes effective after ten calendar days after day of its first official publication.

Appendix 1

to the Resolution of Board of National Bank of the Republic of Kazakhstan of November 29, 2017 No. 230

Rules of determination of solvency of banknotes and coins of national currency of the Republic of Kazakhstan

Chapter 1. General provisions

1. These rules of determination of solvency of banknotes and coins of national currency of the Republic of Kazakhstan (further – Rules) are developed according to the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan".

2. Rules establish procedure for making of transactions by determination of solvency of banknotes and coins of national currency of the Republic of Kazakhstan, except the coins made of precious metals, and separate transactions with them after determination of authenticity and solvency by branches of National Bank of the Republic of Kazakhstan (further – branches of National Bank), banks of the second level, branches of nonresident banks of the Republic of Kazakhstan, the National operator of mail and the organizations performing transactions on collection of banknotes, coins and values (further – authorized banks), in case of implementation of activities for recalculation, sorting, packaging, storage of banknotes, coins and values.

Chapter 2. Determination of solvency of the banknotes and coins of national currency of the Republic of Kazakhstan which are valid legal tender currency

3. Solvency of banknotes and coins of national currency of the Republic of Kazakhstan (further - banknotes and coins) is their capability to act as legal means of payment in the Republic of Kazakhstan.

4. The authentic banknotes which did not void legal means of payment, are not withdrawn from circulation and withdrawn from circulation, kept at least 70% (seventy percent) from established by National Bank of the Republic of Kazakhstan (further - National Bank) the sizes of banknotes, and the signs (written or digital) which are designating their nominal and having insignificant damages (if they do not interfere with determination of authenticity of banknotes), including shabby belong to payment banknotes.

5. The authentic coins including defective (damaged), which are legal means of payment, not withdrawn from circulation and withdrawn from circulation, kept irrespective of nature of damages written and (or) digital signs on obverse (face), reverse (back) or herd (side surface) and also both parts of the coins relating to bikolorny (the coin consisting of two and more components made of different metals) belong to payment coins.

6. Authentic banknotes and coins are the banknotes and coins introduced into circulation by National Bank and which are not counterfeit.

7. Payment banknotes are subdivided on:

1) suitable for the address;

2) shabby;

3) withdrawn from circulation.

8. Payment coins are subdivided on:

1) suitable for the address;

2) defective (damaged);

3) withdrawn from circulation.

9. Banknotes and coins, suitable for the address, are the banknotes which do not have the damages specified in Item 10 of Rules and the coins which do not have the damages specified in Item 11 of Rules.

Banknotes, suitable for the address, and coins are subdivided into banknotes and coins in issued packaging and on the banknotes and coins which are in circulation.

The banknotes sorted on calculating and sorting machines having the anguishes which are not followed by loss of part of the square of banknote belong to suitable banknotes.

10. Shabby banknotes are the banknotes having the following damages:

1) filled in with dyes;

2) the having foreign texts, including:

processed by special chemical powder which are visible in case of ultra-violet light;

the blocking machine-readable signs;

3) the broken-off banknotes which are stuck together or not stuck together parts of which undoubtedly belong to the same banknote and together constitute the area at least 70% (seventy percent) from the banknote size established by National Bank;

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