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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 19, 2015 No. 228

About approval of Rules of replacement of the bank notes of national currency of the Republic of Kazakhstan which are in circulation in case of change of their design (form)

(as amended on 24-05-2021)

According to the Law of the Republic of Kazakhstan of March 30, 1995 "About National Bank of the Republic of Kazakhstan" for the purpose of taking measures to protection of bank notes against counterfeits the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of replacement of the bank notes of national currency of the Republic of Kazakhstan which are in circulation in case of change of their design (form).

2. Recognize invalid regulatory legal acts of the Republic of Kazakhstan according to appendix to this resolution.

3. To department of cash circulation (Balakhmetov A. A.) in the procedure established by the legislation to provide:

1) together with Legal support department (Dosmukhambetov N. M.) state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;

2) the direction of this resolution on official publication in information system of law of Ad_let of the republican state company on the right of economic maintaining "The republican center of legal information of the Ministry of Justice of the Republic of Kazakhstan" within ten calendar days after its state registration in the Ministry of Justice of the Republic of Kazakhstan;

3) placement of this resolution on official Internet resource of National Bank of the Republic of Kazakhstan after its official publication.

4. To department of the international relations and public relations (Kazybayev A. K.) provide the direction of this resolution on official publication in periodic printing editions within ten calendar days after its state registration in the Ministry of Justice 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 Galiyeva D. T.

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

Chairman of National Bank

D. Akishev

Approved by the Resolution of Board of National Bank of the Republic of Kazakhstan of December 19, 2015 No. 228

Rules of replacement of the bank notes of national currency of the Republic of Kazakhstan which are in circulation in case of change of their design (form)

Chapter 1. General provisions

1. These rules of replacement of the bank notes of national currency of the Republic of Kazakhstan which are in circulation in case of change of their design (form) (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 replacement procedure of the bank notes of national currency of the Republic of Kazakhstan which are in circulation (further - bank notes) in case of change of their design (form).

2. Rules include conditions of release into the stream of commerce of bank notes of new sample, the period of the parallel circulation of bank notes of old and new is model, completion of the circulation of bank notes of old sample.

3. In Rules the following concepts are used:

1) change of design (form) of the bank note - change and introduction of graphical representations, the text, additional elements of protection against counterfeits, change of the sizes, forms, colors, initial materials and other signs of the bank note;

2) banks - banks of the second level of the Republic of Kazakhstan;

3) bank notes of old sample - the bank notes which are in circulation, subject to retirement in connection with change of their design (form);

4) bank notes of new sample - the bank notes released, having signs, new, other than former design (form);

5) branches of National Bank of the Republic of Kazakhstan - territorial branches of National Bank of the Republic of Kazakhstan and the Center of cash transactions and storage of values (branch) of National Bank of the Republic of Kazakhstan;

6) the National operator of mail - the joint-stock company created according to the decision of the Government which single shareholder is the national managing holding, to which obligations on provision of universal services of mail service, services of special communication and financial services and implementation of financial activities are assigned.

Chapter 2. Release into the stream of commerce of bank notes of new sample

4. The decision on release into the stream of commerce of bank notes of new sample in connection with modification of design (form) of bank notes of old sample is made by Board of National Bank of the Republic of Kazakhstan.

5. When replacing the bank notes of old sample which are in circulation by bank notes of new sample National Bank of the Republic of Kazakhstan (further - National Bank):

1) is published in periodic printing editions by the resolution of Board of National Bank on replacement of the bank notes of old sample which are in circulation on bank notes of new sample;

2) is placed in periodic printing editions, TV, radio channels by the official report of National Bank about replacement of the bank notes of old sample which are in circulation by bank notes of new sample.

The official report of National Bank about replacement of the bank notes of old sample which are in circulation by bank notes of new sample contains:

1) Date of Introduction in the circulation of the bank note of new sample, its nominal and the short description of design (form);

2) the period of the parallel circulation of bank notes of new and old is model, since Date of Introduction in the circulation of the bank note of new sample, and also replacement procedure of bank notes of old sample on bank notes of new sample;

3) date of completion of the period of the parallel circulation of bank notes of new and old it is model since which bank notes of old sample stop being legal means of payment in the territory of the Republic of Kazakhstan.

6. The National Bank from the date of enforcement of the resolution of Board of National Bank on replacement of the bank notes of old sample which are in circulation on bank notes of new sample informs representations and branches of National Bank, banks, the National operator of mail, the Central (national) Banks of foreign countries and International Criminal Police Organization (Interpol) information on terms of replacement of the bank notes which are in circulation.

Chapter 3. The period of the parallel circulation of bank notes of old and new is model

7. The period of the parallel circulation of bank notes of old and new samples constitutes 12 (twelve) months from Date of Introduction in the circulation of the bank note of new sample.

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