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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 24, 2009 No. 78

About approval of Rules of establishment of limits of variation of buying rate from the selling rate of foreign currency for tenge on the operations performed through exchange points

(as amended on 31-12-2014)

For the purpose of implementation of the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of establishment of limits of variation of buying rate from the selling rate of foreign currency for tenge on the transactions which are carried out through exchange points.

2. This resolution becomes effective from the date of its first official publication.

3. To department of paying balance and currency control (N.N.'s Dyugay):

1) together with Legal department (Sizova S. I.) take measures to state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution;

2) in ten-day time from the date of state registration in the Ministry of Justice of the Republic of Kazakhstan of this resolution to bring it to the attention of the interested divisions of central office, territorial branches of National Bank of the Republic of Kazakhstan, Agency of the Republic of Kazakhstan on regulation and supervision of the financial market and the financial organizations and Consolidation of legal entities "The association of financiers of Kazakhstan".

4. To department of organizational work, external and public relations of National Bank of the Republic of Kazakhstan (Terentyev A. L.) in three-day time from the date of obtaining from Department of paying balance and currency control of the request for publication to take measures to publication of this resolution in mass media of the Republic of Kazakhstan.

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

Chairman of National Bank

G. Marchenko

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2009 No. 78

Rules of establishment of limits of variation of buying rate from the selling rate of foreign currency for tenge on the transactions which are carried out through exchange points

These rules are developed according to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and determine procedure for establishment by National Bank of the Republic of Kazakhstan (further - National Bank) buying rate variation limits from the selling rate of foreign currency for tenge by the transactions which are carried out through exchange points of authorized banks and authorized organizations (further - exchange points).

1. The buying rate variation from the selling rate of foreign currency for tenge is determined as difference between the buying rate of unit of foreign currency in national currency and the selling rate of unit of foreign currency in national currency, established for exchange point based on the written order of the official of authorized bank or authorized organization.

For foreign currencies, the stock exchange quotation of rate on which is established in tens (hundreds, thousands), units of foreign currency, the buying rate variation from the selling rate of foreign currency for tenge is determined as difference between buying rates and selling rates of ten (hundreds, thousands) units of foreign currency in national currency respectively.

2. The buying rate variation limit from the selling rate of foreign currency for tenge on the transactions which are carried out through exchange points is established in the form of the maximum permissible difference expressed in tenge between the selling rate and buying rate of foreign currency for tenge.

Buying rate variation limits from the selling rate of foreign currency for tenge are set on the following currency types:

US dollar;

euro;

English pound sterling;

Russian ruble;

Chinese yuan.

3. No. 265 is excluded according to the Resolution of the Chairman of National Bank of the Republic of Kazakhstan of 31.12.2014

4. Buying rate variation limits from the selling rate of foreign currency for tenge on the transactions which are carried out through exchange points are established by the resolution of Board of National Bank.

The resolution of Board of National Bank shall contain:

types of foreign currencies by which buying rate variation limits from the selling rate of foreign currency for tenge are set;

variation limit for each currency type.

5. The National Bank in case of identification of violation of the buying rate variation limits set by National Bank from the selling rate of foreign currency for tenge on the transactions which are carried out through exchange points applies to authorized banks and authorized organizations of corrective action and the sanction, provided by legal acts of the Republic of Kazakhstan.

 

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

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