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RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of July 11, 2011 No. 54

About price regulation on precious metals

(as amended on 29-07-2022)

Based on the paragraph of the thirteenth of article 11 of the Law of the Republic of Belarus of June 21, 2002 No. 110-Z "About precious metals and gemstones", subitem 2.1 of Item 2 of the Presidential decree of the Republic of Belarus of February 25, 2011 No. 72 "About some questions of price regulation (rates) in the Republic of Belarus", Item 5 and part one of Item 6 of the Instruction on procedure for making of transactions and calculations with measuring ingots from precious metals and gemstones (diamonds) made in the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus of July 22, 2022 No. 482/16, of Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve:

The instruction about procedure for establishment and use of the prices of precious metals (is attached);

The instruction about procedure for establishment and use of the prices of the measuring ingots from precious metals made in the Republic of Belarus (is attached).

2. Recognize invalid:

the resolution of the Ministry of Finance of the Republic of Belarus of September 3, 2003 No. 123 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132" (The national register of legal acts of the Republic of Belarus, 2003, No. 105, 8/9980).

the resolution of the Ministry of Finance of the Republic of Belarus of November 25, 2003 No. 158 "About introduction of amendments to the resolution of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132" (The national register of legal acts of the Republic of Belarus, 2003, No. 136, 8/10276);

the resolution of the Ministry of Finance of the Republic of Belarus of June 28, 2004 No. 97 "About introduction of amendments to the resolution of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132" (The national register of legal acts of the Republic of Belarus, 2004, No. 108, 8/11195);

the resolution of the Ministry of Finance of the Republic of Belarus of April 14, 2007 No. 58 "About entering of amendment into the resolution of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132" (The national register of legal acts of the Republic of Belarus, 2007, No. 119, 8/16359);

the resolution of the Ministry of Finance of the Republic of Belarus of May 28, 2008 No. 86 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132" (The national register of legal acts of the Republic of Belarus, 2008, No. 144, 8/18949);

the resolution of the Ministry of Finance of the Republic of Belarus of November 28, 2008 No. 175 "About modification and amendments in some resolutions of the Ministry of Finance of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2008, No. 304, 8/20069);

Item 1 of the resolution of the Ministry of Finance of the Republic of Belarus of November 2, 2009 No. 133 "About modification and amendments in resolutions of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132, of January 9, 2004 No. 1 and of September 19, 2008 No. 137" (The national register of legal acts of the Republic of Belarus, 2009, No. 289, 8/21611);

the resolution of the Ministry of Finance of the Republic of Belarus of March 22, 2010 No. 32 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of September 23, 2002 No. 132" (The national register of legal acts of the Republic of Belarus, 2010, No. 97, 8/22212).

3. This resolution becomes effective after its official publication.

Minister

A. M. Harkovets

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of July 11, 2011 No. 54

The instruction about procedure for establishment and use of the prices of precious metals 

1. This Instruction determines procedure for establishment and use of the prices of the precious metals (except precious metals in case of banking operations) received in the State fund of precious metals and gemstones of the Republic of Belarus (further – State fund) and released from it, and also on the precious metals in products and scrap which are bought up at physical persons (except purchase and sale of precious metals by the banking and non-bank credit and financial organizations in the form of measuring ingots and coins at physical persons).

The procedure for establishment and use of the prices of the measuring ingots from gold and silver made in the Republic of Belarus is performed according to the Instruction about procedure for establishment and use of the prices of the measuring ingots from precious metals made in the Republic of Belarus approved by the resolution which approved this Instruction. 

2. For the purposes of this Instruction terms and their determinations in the values established by the Law of the Republic of Belarus "About precious metals and gemstones" and also the following terms and their determinations are applied:

weight in ligature – the actual lump of alloy of precious metal taking into account all components;

weight in purity – the mass of chemically net precious metal in alloy, conditionally is considered test metal 1000;

troy ounce – unit of measure of mass of precious metals, the metric weight of 1 troy ounce – gram 31,103 480 7;

fixing – the balanced price of one troy ounce of gold, silver, platinum, palladium in the international market of precious metals on which all requests of buyers and sellers of such precious metals, developing when tendering by participants of fixing of the London association of participants of the market of precious metals concerning gold and silver or participants of fixing of association of the London market of platinum and palladium concerning the platinum and palladium which are carried out according to rules of the specified associations are satisfied;

the depersonalized metal account – the metal account intended for accounting of gold, silver, platinum and palladium in the form of bank ingots, and also iridium, rhodium, ruthenium, osmium in the form of fusible sponge, powder about breakdown at least 999 without specifying of their individual signs;

the deposit metal account – the metal account intended for placement of precious metals in the form of the bank ingots attracted with banks on the terms of bank deposit (deposit);

estimated price – the price of the precious metals (except precious metals in case of banking operations) received in State fund;

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