Resolution of the Board of the National Bank of the Republic of Kazakhstan No. 66 on Amendments to the Rules for the Sale and Buyback of Banknotes and Coins

REPUBLICAN STATE INSTITUTION
"NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN"		RESOLUTION OF THE BOARD No. 66 Astana city October 30, 2024

On Amendments and Additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated April 27, 2018 No. 70 "On Approval of the Rules for the Sale and Buyback of Banknotes and Coins of the National Currency of the Republic of Kazakhstan by the National Bank of the Republic of Kazakhstan"

The Board of the National Bank of the Republic of Kazakhstan RESOLVES:

1. Make the following amendments and additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated April 27, 2018 No. 70 "On Approval of the Rules for the Sale and Buyback of Banknotes and Coins of the National Currency of the Republic of Kazakhstan by the National Bank of the Republic of Kazakhstan" (registered in the Registry of State Registration of Regulatory Legal Acts under No. 16922):

in the Rules for the Sale and Buyback of Banknotes and Coins of the National Currency of the Republic of Kazakhstan by the National Bank of the Republic of Kazakhstan, approved by the said resolution:

rephrase paragraph 3 as follows:

"3. The following terms are used in these Rules:

1. circulation coins - coins made of non-precious metals intended for cash monetary circulation;

2. banknotes and coins - monetary signs of the national currency of the Republic of Kazakhstan - tenge, which are legal tender on the territory of the Republic of Kazakhstan;

3. face value - the value of banknotes and coins at their nominal value;

4. investment coins - coins made of precious metals that are objects of investment and accumulation;

5. collectible coins - commemorative, memorial, and other special mint coins produced in limited editions, made of both precious and non-precious metals, which are objects of collecting and accumulation;

6. collectible coins with composite parts - collectible coins consisting of two or more parts, separately manufactured from different materials, and connected together into a single composition of one coin;

7. trading platform – an online platform through which the sale of investment coins, including in parts (shares), is carried out;

8. Internet store of the National Bank and (or) mobile application - a section of the National Bank's internet resource intended for individuals and legal entities to place orders for the purchase and (or) delivery of investment and (or) collectible coins issued by the National Bank, to make payments for purchased investment and (or) collectible coins, as well as to view the status of placed orders for the purchase of investment and (or) collectible coins;

9. National Bank Center - the Center for Cash Operations and Value Storage (branch) of the National Bank, carrying out the sale and buyback of banknotes and coins of the national currency;

10. branch of the National Bank - a territorial branch of the National Bank carrying out the sale and buyback of banknotes and coins of the national currency.";

rephrase paragraph 7 as follows:

"7. The sale and buyback of investment and collectible coins is carried out by branches of the National Bank and the National Bank Center.

The sale of investment and collectible coins is also carried out through the Internet store of the National Bank.

The sale of investment coins is also carried out via the trading platform.";

rephrase the fourth part of paragraph 12 as follows:

"The requirements provided for in paragraphs 10 and 11 of these Rules do not apply to second-tier banks, branches of non-resident banks of the Republic of Kazakhstan, the National Postal Operator, and organizations carrying out operations for the cash collection of banknotes, coins, and valuables.";

rephrase the sixth part of paragraph 19 as follows:

"In the event that, as a result of expertise, the calculated buyback amount for one collectible coin made of precious metals exceeds the established sale price in accordance with the first part of paragraph 8 of these Rules, the buyback amount shall equal the sale price established in accordance with the first part of paragraph 8 of these Rules.";

add Chapter 6 with the following content:

"Chapter 6. Sale of Investment Coins via the Trading Platform

24. The sale of investment coins by the National Bank via the trading platform is carried out, including in parts (shares), determined in grams (ounces) of chemically pure weight of the precious metal from which the investment coin is made, at a sale price determined in accordance with the third part of paragraph 8 of these Rules.

25. Individuals and legal entities (their representatives) receive investment coins purchased via the trading platform at a branch of the National Bank on condition of purchase (payment) of their full weight, as determined by the Resolution of the Board of the National Bank on the introduction into circulation of investment coins.

26. The buyback of investment coins by the National Bank via the trading platform is permitted upon application by individuals and legal entities (their representatives) on condition of purchase (payment) of their full weight, as determined by the Resolution of the Board of the National Bank on the introduction into circulation of investment coins.

The buyback of investment coins received by individuals and legal entities (their representatives) at a branch of the National Bank is carried out in the manner provided for in Chapters 4 and 5 of these Rules.".

2. The Cash Monetary Circulation Department of the National Bank of the Republic of Kazakhstan shall ensure, in the manner established by the legislation of the Republic of Kazakhstan:

1. together with the Legal Department of the National Bank of the Republic of Kazakhstan, the state registration of this resolution[1] in the Ministry of Justice of the Republic of Kazakhstan;

2. the publication of this resolution on the official internet resource of the National Bank of the Republic of Kazakhstan after its official publication;

3. within ten working days after the state registration of this resolution, submission to the Legal Department of the National Bank of the Republic of Kazakhstan of information on the implementation of measures provided for in sub-paragraph 2) of this paragraph.

3. Control over the implementation of this resolution shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan overseeing the relevant area.

4. This resolution shall enter into force after the expiration of ten calendar days from the day of its first official publication.

Chairman	T.M. Suleimenov

Copy is correct:

Chief Specialist-Secretary of the Board Z. Mukhambetova

1. On Amendments and Additions to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated April 27, 2018 No. 70 "On Approval of the Rules for the Sale and Buyback of Banknotes and Coins of the National Currency of the Republic of Kazakhstan by the National Bank of the Republic of Kazakhstan" ↑