of September 26, 2025 No. 56, on September 29, 2025 No. 544
About approval of Rules of determination of the market rate of currency exchange
According to Item 6-1 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" Board of National Bank of the Republic of Kazakhstan of POSTANOVLYAET and the Minister of Finance of the Republic of Kazakhstan PRIKAZYVAYET:
1. Approve the enclosed Rules of determination of the market rate of currency exchange.
2. Recognize invalid some regulatory legal acts according to appendix to the presents to the joint resolution and the order.
3. To provide to accounting department of National Bank of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:
1) together with Legal department of National Bank of the Republic of Kazakhstan state registration of the presents joint the resolution and the order in the Ministry of Justice of the Republic of Kazakhstan;
2) placement of the presents joint the resolution and the order on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication;
3) within ten working days after state registration of the presents joint the resolution and the order submission to Legal department of National Bank of the Republic of Kazakhstan of data on execution of the action provided by the subitem 2) of this Item.
4. Joint the resolution and the order to assign control of execution of the presents to the supervising First Deputy Chairman of National Bank of the Republic of Kazakhstan and the Vice-Minister of Finance of the Republic of Kazakhstan.
5. The presents the joint resolution and the order are subject to official publication and become effective since January 1, 2026.
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Minister of Finance of the Republic of Kazakhstan
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__________ M. Takiyev |
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Acting as Chairman of National Bank of the Republic of Kazakhstan
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__________ E.Zhamaubayev |
No. 56, No. 544 are approved on September 29, 2025 joint by the Resolution of Board of National Bank of the Republic of Kazakhstan and the Order of the Minister of Finance of the Republic of Kazakhstan of September 26, 2025
1. These rules of determination of the market rate of currency exchange (further - Rules) are developed according to Item 6-1 of article 20 of the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting" and establish procedure for determination of the market rate of currency exchange.
2. The market rate of currency exchange is determined daily in the working days in which the Kazakhstan stock exchange joint-stock company (further - the exchange) holds the auction on foreign currencies, in the following procedure:
1) (further - the USA) the market rate of currency exchange is determined by dollar of the United States of America as the weighted stock exchange rate of tenge to US dollar which developed as of 15-30 hours of time of the city of Astana;
2) the market rate of currency exchange in relation to tenge is determined by other foreign currencies as the cross-rate calculated with use of the market rate of US dollar in relation to tenge and rates of these currencies to US dollar which developed as of 16-00 hours of time of the city of Astana.
The National Bank of the Republic of Kazakhstan in day of tendering at the exchange fixes the foreign exchange rates in relation to tenge determined in the procedure established by this Item, for the foreign currencies specified in appendix to Rules of establishment of the official rate of national currency of the Republic of Kazakhstan to the foreign currencies approved by the resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2012 No. 242 (it is registered in the Register of state registration of regulatory legal acts at No. 7977, further - Rules on the official rates).
The market rates are determined by the exchange currencies which are not specified in appendix to Rules on the official rates by the organizations independently according to the procedure, established by this Item. Use of the foreign exchange rate to US dollar published in the newspaper Financial Times or on its Internet resource, and also on information portals Bloomberg (Bloomberg) or Refinitiv in day of establishment of the market rate of US dollar in relation to tenge is allowed.
3. The market rate of currency exchange determined according to Item 2 of Rules is applied in the working day following behind day of tendering at session.
In non-working days the rates determined in the working day preceding non-working day are effective.
4. The financial organizations (except for legal entities whose exclusive type of activity is the organization of exchange transactions with foreign currency), branches of banks - nonresidents of the Republic of Kazakhstan, branches of the insurance (reinsurance) organizations - nonresidents of the Republic of Kazakhstan and branches of insurance brokers - nonresidents of the Republic of Kazakhstan, Development Bank of Kazakhstan joint-stock company, joint-stock investment funds, special finance companies, Islamic special finance companies, and also National Bank of the Republic of Kazakhstan and legal entities, fifty and more percent of shares (share in the authorized capital) or controlling stock of which belong to National Bank of the Republic of Kazakhstan, for the purpose of conducting financial accounting, forming of the financial reporting and the reporting under accounting data perform recalculation of assets and liabilities, subject to recalculation according to international accounting standards, at the end of the day in which the auction at the exchange, with use of the market rate of the currency exchange determined according to the procedure, stipulated in Item 2 Rules was held.
Other organizations for the purpose of forming of the financial reporting perform recalculation of the assets and liabilities which are subject to recalculation according to International Financial Reporting Standards and requirements of the legislation of the Republic of Kazakhstan about financial accounting and the financial reporting on reporting date with use as the closing rate of the market rate of the currency exchange determined for date of the last day of the accounting period in which the auction according to the procedure, stipulated in Item 2 Rules was held.
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