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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of March 30, 2019 No. 40

About approval of Rules of implementation of currency transactions in the Republic of Kazakhstan

(as amended on 20-12-2021)

According to the subitem 59) of part two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan", the subitem 2) of Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" and the subitem 1) of item 4 of article 5 of the Law of the Republic of Kazakhstan "About currency control and currency exchange control" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of implementation of currency transactions in the Republic of Kazakhstan.

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan, and also structural element of regulatory legal act of the Republic of Kazakhstan according to the list according to appendix to this resolution.

3. To department of paying balance and currency control (Kuandykov A. A.) 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 its direction 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 Smolyakov O. A.

6. This resolution is subject to official publication and becomes effective since July 1, 2019.

Chairman of National Bank

E.Dosayev

It is approved

Ministry of Foreign Affairs of the Republic of Kazakhstan

___________________________

"___" __________ 20 ___ years

 

It is approved

Committee according to the statistics Ministries of national economy of the Republic of Kazakhstan

___________________________

"___" __________ 20 ___ years

 

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of March 30, 2019 No. 40

Rules of implementation of currency transactions in the Republic of Kazakhstan

Chapter 1. General provisions

1. Rules of implementation of currency transactions in the Republic of Kazakhstan (further - Rules) parts two of article 15 of the Law of the Republic of Kazakhstan "About National Bank of the Republic of Kazakhstan" (further - the Law on National Bank), the subitem 1) of item 4 of article 5 of the Law of the Republic of Kazakhstan "About currency control and currency exchange control" are developed according to the subitem 59) (further - the Law on currency control and currency exchange control) and determine procedure residents and nonresidents of currency transactions in the Republic of Kazakhstan.

Rules include procedure:

implementation of payments and (or) money transfers on currency transactions;

purchases and (or) sales of non-cash foreign currency in the domestic foreign exchange market of the Republic of Kazakhstan;

carrying out the transactions according to the bank account connected with removal, transfer and use of cash foreign currency.

2. The concepts used in Rules are applied in the values specified in the Law on currency control and currency exchange control.

In Rules also following concepts and reducings are used:

1) the BIN - business and identification number;

2) IIN - individual identification number;

3) internal money transfer - the money transfer made by the legal entity with the structural divisions or between structural divisions of one legal entity;

4) the registration certificate - the document of the established sample issued in case of registration of the currency agreement before enforcement of Rules and not invalid;

5) National Bank - National Bank of the Republic of Kazakhstan;

6) the certificate on the notification - the document of the established sample issued on the currency agreement or the foreign bank account before enforcement Governed also not invalid.

Chapter 2. Payment procedure and (or) money transfers on currency transactions

Paragraph 1. Implementation of payments and (or) money transfers on currency transactions

3. The authorized bank registers payment and (or) money transfer on currency transaction in the presence of the documents and (or) data provided by the resident or the nonresident according to Rules.

For the purposes of Rules if the payment currency and (or) money transfer differs from dollar of the United States of America (further - the USA), the equivalent of payment amount and (or) money transfer is calculated with use of the market rate of currency exchange on the date of carrying out transaction.

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