Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

LAW OF THE REPUBLIC OF KAZAKHSTAN

of March 30, 1995 No. 2155

About National Bank of the Republic of Kazakhstan

(The last edition from 21-01-2019)

Chapter 1. General provisions

Article 1. Bank system of the Republic of Kazakhstan

The Republic of Kazakhstan has dual banking.

The National Bank of the Republic of Kazakhstan (National Bank of Kazakhstan) is Central Bank of the Republic of Kazakhstan and represents the top (first) level of bank system of the Republic of Kazakhstan.

The National Bank of Kazakhstan represents, within the competence, interests of the Republic of Kazakhstan in the relations with Central Banks and banks of other countries, in international banks and other financial credit institutions.

The National Bank of Kazakhstan in case of accomplishment of the tasks shall not be guided by the profit earning purpose.

Types, legal status, procedure for creation, functioning and liquidation of banks of the second level are determined by the bank law of the Republic of Kazakhstan.

Article 2. Status and legal basis of activities of National Bank of Kazakhstan

The National Bank of Kazakhstan is the state body which is providing development and carrying out monetary policy of the state, functioning of payment systems, performing currency control and control, state regulation, control and supervision of the financial market and the financial organizations, promoting stability of financial system and carrying out the state statistics.

The National Bank of Kazakhstan in the activities is guided by the Constitution of the Republic of Kazakhstan, this Law, other laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and international treaties of the Republic of Kazakhstan.

Article 3. Accountability of National Bank of Kazakhstan

The National Bank of Kazakhstan is accountable to the President of the Republic of Kazakhstan.

Accountability to the President of the Republic of Kazakhstan means:

appointment as the President of the Republic of Kazakhstan with the consent of the Senate of Parliament of the Republic of Kazakhstan the Chairman of National Bank of Kazakhstan; release it from position;

position assignment and dismissal by the President of the Republic of Kazakhstan vice-chairmen of National Bank of Kazakhstan on representation of the Chairman of National Bank of Kazakhstan;

approval by the President of the Republic of Kazakhstan of structure and general number of staff of National Bank of Kazakhstan;

in coordination with the President of the Republic of Kazakhstan approval of National Bank of Kazakhstan by Board of wages system of employees of National Bank of Kazakhstan;

approval by the President of the Republic of Kazakhstan of the Regulations on National Bank of Kazakhstan;

approval of the annual statement of National Bank of Kazakhstan by the President of the Republic of Kazakhstan;

approval by the President of the Republic of Kazakhstan of the concept of design of banknotes and coins of national currency - the Kazakhstani tenge;

representation by National Bank of Kazakhstan concerning the competence of information requested by the President of the Republic of Kazakhstan.

Article 4. Regulatory legal acts of National Bank of Kazakhstan

The National Bank of Kazakhstan on the basis and in pursuance of the laws of the Republic of Kazakhstan on the questions carried to its competence publishes the regulatory legal acts obligatory for execution by all financial organizations, consumers of financial services, other physical persons and legal entities in the territory of the Republic of Kazakhstan.

Regulatory legal acts of National Bank of Kazakhstan are published in official publications - "Kazakstan by Habarshysynd Ylttyk Bankinin", "the Bulletin of National Bank of the Republic of Kazakhstan" in the Kazakh and Russian languages.

Article 6. National Bank of Kazakhstan - the legal entity

The National Bank of Kazakhstan is legal entity in form of business of republican public institution, has separate balance and together with the branches, representations, departments and the organizations constitutes single structure.

The National Bank of Kazakhstan acts on behalf of the Republic of Kazakhstan as the founder of joint-stock companies and limited liability partnerships, participates in organization activity, including promoting implementation by National Bank of Kazakhstan the functions assigned to it and (or) which are part of infrastructure of the financial market.

The central office of National Bank of Kazakhstan is located in the city of Almaty. The National Bank of Kazakhstan can open the branches and representations in the Republic of Kazakhstan and beyond its limits.

Chapter 2. Main objective, tasks, functions and powers of National Bank of Kazakhstan

Article 7. Main objective and tasks of National Bank of Kazakhstan

Main objective of National Bank of Kazakhstan is ensuring price stability in the Republic of Kazakhstan.

Full text available with active License only!

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.