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RESOLUTION OF BOARD OF THE NATIONAL BANK OF UKRAINE

of February 16, 2022 No. 17

About approval of the Regulations on control of quality of the banknotes which are in circulation with participation of authorized banks

According to Articles 7, of 15, of 33, "About the National Bank of Ukraine", for the purpose of creation of proper conditions for ensuring monitoring and control of quality of the banknotes which are in circulation, the Board of the National Bank of Ukraine DECIDES: 56 Laws of Ukraine

1. Approve Regulations on control of quality of the banknotes which are in circulation with participation of authorized banks (further - the Provision) which is applied.

2. The list of authorized banks and their separate divisions which are involved according to the Provision is determined by separate board decision of the National Bank of Ukraine.

3. To impose control over the implementation of this resolution on the vice-chairman of the National Bank of Ukraine Alexey Shaban.

4. The resolution becomes effective since March 1, 2022.

Chairman

K. Shevchenko

Approved by the Resolution of Board of the National Bank of Ukraine of February 16, 2022 No. 17

Regulations on control of quality of the banknotes which are in circulation with participation of authorized banks

1. This Provision is developed according to the Law of Ukraine "About the National Bank of Ukraine", regulatory legal acts of the National Bank of Ukraine (further - National Bank) concerning conducting cash transactions by banks in Ukraine, transfers of inventories of cash on storage in authorized banks and carrying out transactions with them and other regulatory legal acts of National Bank.

2. The term of "banknote for control of their quality" in this Provision is used in such value:

banknotes for control of their quality - not sorted banknotes of hryvnia of one nominal and sample which were not sorted previously on suitable for the address and shabby, except for considerably worn-out banknotes, being in circulation and created by authorized banks and their separate divisions from receipts of trade revenue, revenue from all types of service, with use of payment cards.

Other terms used in this Provision are used in the values determined by the legislation of Ukraine and regulatory legal acts of National Bank concerning conducting cash transactions by banks in Ukraine, transfers of inventories of cash on storage in authorized banks and carrying out transactions with them.

3. This Provision establishes:

1) procedure for transfer by authorized bank and acceptance of banknotes by National Bank for control of quality of the banknotes which are in circulation;

2) the list of operations which are performed by authorized bank with cash inventories stored for control of quality of the banknotes which are in circulation with observance of the limit of inventories of cash set by National Bank stored on each separate division of authorized bank.

4. The National Bank provides:

1) acceptance of banknotes for control of their quality from inventories of cash it stored agrees to the permissions provided by National Bank according to the requirements established by National Bank;

2) carrying out accounting of the banknotes accepted from authorized bank for control of their quality in cash inventories on the 48 index;

3) processing of banknotes which are created for control of their quality, on the automated systems of processing of banknotes "Banknote Processing System" (further - BPS) according to the requirements established by National Bank;

4) control of quality of banknotes on BPS using sets of thresholds sorting of banknotes "Everyday - the Standard";

5) informing authorized banks means of the protected communication concerning results of the carried-out control.

5. Inventory operations of cash stored for authorized banks are performed within the set limits of inventories of cash stored.

6. The authorized bank shall according to requirements of this provision provide:

1) schedule development of delivery of banknotes for control of their quality by months and amounts (quantity, the amount). The developed schedule goes funds of the protected communication for coordination to National Bank within three working days from the date of receipt of the notification means of the protected communication of rather quarter amounts of receipts of banknotes for control of their quality of National Bank;

2) the investment of banknotes for control of their quality from the operational cash desk of actual stocks stored agrees to the permissions provided by National Bank;

3) export of banknotes for control of their quality from cash inventories to storage in National Bank it agrees to the permission provided by National Bank with observance of the schedule of delivery of banknotes for control of their quality.

7. Implementation of inventory operations of cash is stored carried out in the following procedure:

1) for stacking of banknotes for control of their quality from operational cash desk of actual stocks stored the authorized bank submits the application for increase in actual actual stocks stored according to the procedure, determined by the regulatory legal act of National Bank concerning transfer of inventories of cash on storage in authorized banks and carrying out transactions with them;

2) for export of banknotes for control of their quality from cash inventories on storage to National Bank the authorized bank submits the application for export of cash from cash inventories for storage according to the procedure, determined by the regulatory legal act of National Bank concerning transfer of inventories of cash on storage in authorized banks and carrying out transactions with them.

8. The authorized bank in pursuance of the permissions provided by National Bank on increase in actual actual stocks stored puts in cash inventories stored from the operational cash desk banknotes for control of their quality in packaging of authorized bank (its separate division) complete packs without implementation of recalculation and repacking for further export of National Bank with observance of the schedule of delivery of banknotes for control of their quality.

9. The authorized bank and National Bank record transactions with banknotes for control of their quality in cash inventories stored on the 48 index and nominals.

10. The National Bank in case of detection in packaging of authorized bank (its separate division) of shortages, surplus or doubtful or not payment banknotes draws up the statement of discrepancies according to requirements of the regulatory legal act of National Bank concerning conducting cash transactions by banks in Ukraine.

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