Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

The document ceased to be valid since  June 11, 2018 according to Item 2 of the Resolution of Board of National Bank of the Republic of Kazakhstan of April 27, 2018 No. 70

RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of August 24, 2012 No. 255

About approval of Rules of sale and the redemption by National Bank of the Republic of Kazakhstan of banknotes and coins of national currency of the Republic of Kazakhstan

(as amended of the Resolution of Board of National Bank of the Republic of Kazakhstan of 19.12.2015 No. 229)

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" and for the purpose of enhancement of procedure for sale and the redemption by National Bank of the Republic of Kazakhstan of banknotes and coins of national currency of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of sale and the redemption by National Bank of the Republic of Kazakhstan of banknotes and coins of national currency of the Republic of Kazakhstan.

3. This resolution becomes effective after ten calendar days after day of its first official publication.

Chairman of National Bank

G. Marchenko

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2012 No. 255

Rules of sale and redemption by National Bank of the Republic of Kazakhstan of banknotes and coins of national currency of the Republic of Kazakhstan

1. General provisions

1. These rules of sale and the redemption by National Bank of the Republic of Kazakhstan of banknotes and coins of national currency of the Republic of Kazakhstan (further - 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 sale and the redemption by National Bank of the Republic of Kazakhstan (further - National Bank) banknotes and coins of national currency of the Republic of Kazakhstan.

2. Provisions of Rules extend to divisions of central office, territorial branches of National Bank, the Center of cash transactions and storage of values (branch) of National Bank, physical persons and legal entities.

3. Provisions of Rules do not extend to the relations connected with carrying out transactions by National Bank on exchange of banknotes and circulating coins, exchange of shabby banknotes and the defective (damaged) coins, and also banknotes and coins, invalid legal means of payment.

2. The basic concepts used in Rules

4. In Rules the following concepts are used:

1) circulating coins – the coins made of non-noble metals and intended for cash circulation;

2) the controller (the cash worker) – the cash employee of branch of National Bank exercising control of conducting examination of coins from precious metals;

3) banknotes and coins – bank notes of national currency of the Republic of Kazakhstan – the tenges which are legal means of payment in the territory of the Republic of Kazakhstan;

4) nominal cost – the cost of banknotes, coins face value;

5) investment coins – the coins made of precious metals, which are investment object and accumulatings;

6) Center of cash transactions – Center of cash transactions and storage of values (branch) of National Bank;

7) collection coins – the anniversary, commemorative and other coins of special chekan made by limited circulation both from precious, and from non-noble metals, the collectings which are object and accumulatings;

8) extra packing for coins – the capsule, box, thermal vacuum, printing, gift, album packagings for creation of sets of coins and other packaging by request of National Bank;

9) the expert (the cash worker) – the cash employee of branch of National Bank performing acceptance of coins from precious metals for the redemption, examination of coins;

10) online store of National Bank – the Section of official Internet resource of National Bank intended for order placement by physical persons and legal entities on acquisition of the investment and (or) collection coins issued by National Bank, implementation of payment for acquired investment and (or) collection coins, and also intended for order placement on delivery of acquired investment and (or) collection coins and viewing of condition of the placed order for acquisition of investment and (or) collection coins;

11) branch of National Bank – the territorial branch of National Bank authorized on acceptance and the redemption of national currency.

3. Sale and redemption of banknotes and circulating coins

5. Sale to physical persons and legal entities of banknotes and circulating coins, and also their redemption from physical persons and legal entities is performed by branches of National Bank and the Center of cash transactions.

6. The selling price and the redemption of banknotes and circulating coins equals their nominal cost.

7. Sale, and also the redemption of banknotes and circulating coins are performed based on the documents specified in Items 16, of 25, of 35 and 37 Rules of conducting the cash transactions with physical persons and legal entities in National Bank of the Republic of Kazakhstan approved by the resolution of Board of National Bank of the Republic of Kazakhstan of December 24, 2014 No. 247 "About approval of Rules of conducting cash transactions with physical persons and legal entities in National Bank of the Republic of Kazakhstan" registered in the Register of state registration of regulatory legal acts at No. 10204, (further – Rules No. 247).

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

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 50000 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.
More about search system

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.