RegAlertRule · NBK · 30 Mar 1995
Law of the Republic of Kazakhstan No. 2155 of March 30, 1995 'On the National Bank of the Republic of Kazakhstan'
Civil servants of the National Bank of Kazakhstan and its agencies must undergo mandatory special checks and transfer assets to trust management within thirty calendar days. They are prohibited from purchasing investment units, bonds, or shares, and must report conflicts of interest during inspections. The National Bank of Kazakhstan is prohibited from directly financing the Government or acquiring primary market state securities. Resident banks may access lender-of-last-resort loans for fourteen to ninety days, secured by assets fully covering the loan, with total usage capped at one year and restrictions on dividends and related-party lending. Participants in the special regulatory regime must submit violation remediation plans within five working days and cease regulated activities immediately upon agreement termination.
Source: Information system "PARAGRAPH"
LAW
OF THE REPUBLIC OF KAZAKHSTAN
On the National Bank of the Republic of Kazakhstan (as amended and supplemented as of 19.03.2026)
See amendments:
Law of the RK of 16.01.26 No. 259-VIII (enters into force from May 1, 2026, from July 1, 2026)
The title is redacted in the edition of the Law of the RK of 02.03.2001 No. 162-II (see old edition)
The Preamble is excluded, the words "Decree" are replaced by the words "Law" in the appropriate cases throughout the text in accordance with the Law of the RK of 02.03.01 No. 162-II (see old edition)
In the text of the Law, after the word "Chapter", the digits "I-XIII" are replaced respectively by the digits "1-13" in accordance with the Law of the RK of 20.12.04 No. 13-III (entered into force from January 1, 2005)
Throughout the text, the word "(interest)" is excluded in accordance with the Law of the RK of 08.07.05 No. 69-III
Chapter 1.
GENERAL PROVISIONS
Amendments have been made to Article 1 in accordance with the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; Law of the RK of 11.07.97 No. 154-1; Law of the RK of 10.07.03 No. 483-II (see old edition)
Article 1. Banking system of the Republic of Kazakhstan
The Republic of Kazakhstan has a two-tiered banking system.
The National Bank of the Republic of Kazakhstan (National Bank of Kazakhstan) is the central bank of the Republic of Kazakhstan and represents the upper (first) level of the banking system of the Republic of Kazakhstan.
The National Bank of Kazakhstan represents, within its competence, the interests of the Republic of Kazakhstan in relations with central banks and banks of other countries, in international banks and other financial and credit organizations.
The National Bank of Kazakhstan, in performing its tasks, must not be guided by the goal of obtaining profit.
Types, legal status, procedure for creation, functioning and liquidation of second-tier banks are determined by banking and other legislation of the Republic of Kazakhstan.
Amendments have been made to Article 2 in accordance with the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; Law of the RK of 02.03.01 No. 162-II (see old edition); redacted in the edition of the Law of the RK of 28.12.11 No. 524-IV (see old edition); amendments made in accordance with the Law of the RK of 24.11.15 No. 422-V (entered into force from January 1, 2016) (see old edition); Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition); Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
Article 2. Status and legal basis of the activities of the National Bank of Kazakhstan
The National Bank of Kazakhstan is a state body ensuring the development and implementation of the state's monetary and credit policy (hereinafter - monetary and credit policy), functioning of payment systems, carrying out currency regulation and currency control, contributing to ensuring the stability of the financial system and conducting state statistics, as well as carrying out within its competence state regulation, control and supervision over the financial market, financial organizations and other persons and in the field of financial legislation of the Republic of Kazakhstan. The National Bank of Kazakhstan in its activities is guided by the Constitution of the Republic of Kazakhstan, this Law, other laws of the Republic of Kazakhstan, acts of the President of the Republic of Kazakhstan and international treaties of the Republic of Kazakhstan.
Article 3 is redacted in the edition of the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; amendments made in accordance with the Law of the RK of 29.06.98 No. 236-1; Law of the RK of 02.03.01 No. 162-II (see old edition); Law of the RK of 08.07.05 No. 69-III (see old edition); Law of the RK of 29.04.09 No. 154-IV (see old edition); Law of the RK of 11.07.17 No. 91-VI (see old edition)
Article 3. Accountability of the National Bank of Kazakhstan
The National Bank of Kazakhstan is accountable to the President of the Republic of Kazakhstan.
Accountability to the President of the Republic of Kazakhstan means:
appointment by the President of the Republic of Kazakhstan with the consent of the Senate of the Parliament of the Republic of Kazakhstan of the Chairman of the National Bank of Kazakhstan; dismissal from his position; appointment to the position and dismissal from the position by the President of the Republic of Kazakhstan of the Deputy Chairmen of the National Bank of Kazakhstan upon the proposal of the Chairman of the National Bank of Kazakhstan; approval by the President of the Republic of Kazakhstan of the structure and total staff strength of the National Bank of Kazakhstan; with the agreement of the President of the Republic of Kazakhstan, approval by the Board of the National Bank of Kazakhstan of the system of remuneration of employees of the National Bank of Kazakhstan; approval by the President of the Republic of Kazakhstan of the Regulation on the National Bank of Kazakhstan; approval by the President of the Republic of Kazakhstan of the annual report of the National Bank of Kazakhstan; approval by the President of the Republic of Kazakhstan of the concept of design of banknotes and coins of the national currency - the Kazakhstani tenge; submission by the National Bank of Kazakhstan on issues within its competence of information requested by the President of the Republic of Kazakhstan.
For information on the powers of the President of the RK regarding the NB RK, see the Constitutional Law "On the President of the RK"
The Law is supplemented by Article 3-1 in accordance with the Law of the RK of 02.01.21 No. 399-VI; redacted in the edition of the Law of the RK of 30.12.22 No. 177-VII (entered into force from January 12, 2023) (see old edition)
Article 3-1. Strategic Plan of the National Bank of Kazakhstan
The National Bank of Kazakhstan develops a strategic plan for a five-year period, in which it defines strategic directions, goals and target indicators of the activities of the National Bank of Kazakhstan.
The Strategic Plan is approved by the Chairman of the National Bank of Kazakhstan with the agreement of the President of the Republic of Kazakhstan or by his authorization by the Head of the Administration of the President of the Republic of Kazakhstan.
Amendments have been made to Article 4 in accordance with the Law of the RK of 11.06.97 No. 154-1; Law of the RK of 10.07.03 No. 483-II (see old edition); Law of the RK of 05.07.12 No. 30-V (see old edition); Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition); Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition) The action of the first part was suspended from January 1, 2020 to December 16, 2020, during the suspension period this part operated in the edition of paragraph 2 of Article 2 of the Law of 03.07.19 No. 262-VI
Article 4. Normative legal acts of the National Bank of Kazakhstan
The National Bank of Kazakhstan on the basis and in execution of the laws of the Republic of Kazakhstan on issues referred to its competence, issues normative legal acts, mandatory for execution by financial organizations, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, other natural and legal persons on the territory of the Republic of Kazakhstan. The list of subordinate normative legal acts adopted by the National Bank of Kazakhstan in accordance with the laws of the Republic of Kazakhstan on issues referred to its competence is determined in the Regulation on the National Bank of Kazakhstan.
Article 5. Excluded in accordance with the Law of the RK of 11.06.97 No. 154-1
Amendments have been made to Article 6 in accordance with the Law of the RK of 11.06.97 No. 154-1; Law of the RK of 02.03.01 No. 162-II (see old edition); redacted in the edition of the Law of the RK of 05.07.12 No. 30-V (see old edition); Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition); Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
Article 6. National Bank of Kazakhstan - a legal entity
The National Bank of Kazakhstan is a legal entity in the organizational and legal form of a republican state institution, has an independent balance sheet and together with its branches, representative offices, departments and republican state enterprises (hereinafter - organizations of the National Bank of Kazakhstan) constitutes a single structure. The National Bank of Kazakhstan acts on behalf of the Republic of Kazakhstan as the founder of joint-stock companies and limited liability companies, participates in the activities of organizations, including those contributing to the implementation by the National Bank of Kazakhstan of its assigned functions and (or) being part of the infrastructure of the financial market. The National Bank of Kazakhstan may open its branches and representative offices in the Republic of Kazakhstan and beyond.
The title is redacted in the edition of the Law of the RK of 10.07.03 No. 483-II (see old edition); Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
Chapter 2
Main goal, tasks, functions and powers of the National Bank of Kazakhstan.
Principles of this Law
Amendments have been made to Article 7 in accordance with the Law of the RK of 11.06.97 No. 154-1; Law of the RK of 16.07.99 No. 436-1 (see old edition); redacted in the edition of the Law of the RK of 10.07.03 No. 483-II (see old edition); amendments made in accordance with the Law of the RK of 05.07.12 No. 30-V (see old edition)
Article 7. Main goal and tasks of the National Bank of Kazakhstan
The main goal of the National Bank of Kazakhstan is to ensure price stability in the Republic of Kazakhstan.
To implement the main goal, the following tasks are assigned to the National Bank of Kazakhstan:
Amendments have been made to sub-item 1 in accordance with the Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
1) development and implementation of monetary and credit policy;
2) ensuring the functioning of payment systems;
3) carrying out currency regulation and currency control;
4) contributing to ensuring the stability of the financial system;
5), 6) excluded in accordance with the Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition)
Amendments have been made to sub-item 7 in accordance with the Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition)
7) carrying out statistical activities in the field of monetary statistics, financial market statistics and external sector statistics;
8) other tasks in accordance with the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
The Law is supplemented by Article 7-1 in accordance with the Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025)
Article 7-1. Principles of this Law
This Law is based on the principles of legality of activities, accountability to the President of the Republic of Kazakhstan and independence of the National Bank of Kazakhstan within the limits of powers granted to it by the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
Amendments have been made to Article 8 in accordance with the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; Law of the RK of 07.12.96 No. 50-1; Law of the RK of 11.06.97 No. 154-1; Law of the RK of 16.07.99 No. 436-1 (see old edition); Law of the RK of 02.03.01 No. 162-II (see old edition); Law of the RK of 03.05.01 No. 182-II (see old edition); Law of the RK of 09.07.03 No. 482-II (see old edition); Law of the RK of 10.07.03 No. 483-II (see old edition); Law of the RK of 11.06.04 No. 562-II (see old edition); Law of the RK of 20.12.04 No. 13-III (entered into force from January 1, 2005) (see old edition); Law of the RK of 08.07.05 No. 69-III (see old edition); Law of the RK of 23.12.05 No. 107-III (see old edition); Law of the RK of 20.02.06 No. 127-III; Law of the RK of 05.07.06 No. 165-III (entered into force from July 1, 2006) (see old edition); Law of the RK of 12.01.07 No. 222-III (see implementation dates) (see old edition); Law of the RK of 28.02.07 No. 235-III (see old edition); Law of the RK of 04.07.09 No. 167-IV (entered into force after the expiration of thirty calendar days after its first official publication) (see old edition); Law of the RK of 11.07.09 No. 185-IV (entered into force after the expiration of thirty calendar days after the first official publication) (see old edition); Law of the RK of 28.08.09 No. 192-IV (entered into force after the expiration of six months after its first official publication) (see old edition); Law of the RK of 19.03.10 No. 258-IV (see old edition); Law of the RK of 01.03.11 No. 414-IV (see old edition); Law of the RK of 05.07.11 No. 452-IV (entered into force after the expiration of three months after its first official publication) (see old edition); Law of the RK of 21.07.11 No. 466-IV (entered into force after the expiration of thirty calendar days after its first official publication) (see old edition); Law of the RK of 28.12.11 No. 524-IV (see old edition); redacted in the edition of the Law of the RK of 05.07.12 No. 30-V (see old edition); amendments made in accordance with the Law of the RK of 21.06.13 No. 106-V (see old edition); Law of the RK of 10.06.14 No. 206-V (see old edition)
Article 8. Functions and powers of the National Bank of Kazakhstan
The National Bank of Kazakhstan:
Sub-item 1 is redacted in the edition of the Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
1) develops and implements monetary and credit policy;
2) issues state emission securities;
3) is the sole issuer of banknotes and coins of the national currency of the Republic of Kazakhstan and organizes cash circulation on the territory of the Republic of Kazakhstan;
Article is supplemented by sub-items 3-1 and 3-2 in accordance with the Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025)
3-1) determines the procedure for replacing banknotes and coins of the national currency of the Republic of Kazakhstan in circulation when their design (form) changes; 3-2) determines the procedure for conducting cash operations with natural and legal persons at the National Bank of Kazakhstan;
Article is supplemented by sub-item 3-3 in accordance with the Law of the RK of 16.01.26 No. 259-VIII (entered into force from March 19, 2026)
3-3) is the sole issuer of the digital tenge;
4) participates in ensuring the transportation, storage and collection of banknotes, coins and valuables, creates reserve state funds of banknotes, coins and valuables;
Sub-item 5 is redacted in the edition of the Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition)
5) carries out control and supervision over compliance with the requirements for the arrangement of premises by legal entities carrying out activities exclusively through exchange offices on the basis of a license of the National Bank of Kazakhstan for exchange operations with foreign currency in cash, and legal entities whose exclusive activity is the collection of banknotes, coins and valuables;
6) regulates and carries out supervision (oversight) over the interbank money transfer system, the interbank clearing system and other payment systems ensuring the conduct of money transfers between users in Kazakhstani tenge;
Amendments have been made to sub-item 7 in accordance with the Law of the RK of 24.11.15 No. 422-V (entered into force from December 16, 2020) (see old edition)
7) in order to order payments and money transfers, establishes with the agreement of the Government of the Republic of Kazakhstan the order of payments on bank accounts, carried out by banks, organizations carrying out certain types of banking operations, branches of banks - non-residents of the Republic of Kazakhstan and subjects of entrepreneurial activity, if otherwise provided by the laws of the Republic of Kazakhstan;
8) carries out currency regulation and currency control in the Republic of Kazakhstan;
Article is supplemented by sub-item 8-1 in accordance with the Law of the RK of 12.07.22 No. 138-VII (entered into force from September 12, 2022)
8-1) establishes qualification requirements imposed on legal entities whose exclusive activity is the collection of banknotes, coins and valuables, which include requirements for the organizational and legal form, requirements for founders (participants), including disclosure of the sources of origin of their contributions to the charter capital, requirements for the size and procedure for forming the charter capital, as well as for premises, technical means, equipment and employees of legal entities whose exclusive activity is the collection of banknotes, coins and valuables;
Article is supplemented by sub-items 8-2 - 8-4 in accordance with the Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025)
8-2) determines the procedure for organizing the security and arrangement of premises of second-tier banks, branches of banks - non-residents of the Republic of Kazakhstan, organizations carrying out certain types of banking operations; 8-3) determines the procedure for conducting cash operations and operations for the collection of banknotes, coins and valuables, including the organization of automobile collection transportation, in second-tier banks, branches of banks - non-residents of the Republic of Kazakhstan, organizations carrying out certain types of banking operations; 8-4) jointly with other authorized state bodies of the Republic of Kazakhstan carries out regulation of the withdrawal of cash by subjects of entrepreneurship from bank accounts;
9) excluded in accordance with the Law of the RK of 24.05.18 No. 156-VI (see old edition)
Sub-item 10 is redacted in the edition of the Law of the RK of 16.01.26 No. 259-VIII (entered into force from March 19, 2026) (see old edition)
10) ensures the management of assets in foreign currency, precious metals and digital assets;
11) implements the state's priority right to acquire refined gold to replenish assets in precious metals;
12) carries out, in cases provided for by the legislation of the Republic of Kazakhstan, control tests of samples (samples) of precious metals and raw materials containing precious metals;
Amendments have been made to sub-item 12-1 in accordance with the Law of the RK of 24.11.15 No. 422-V (entered into force from January 1, 2016) (see old edition) 12-1) carries out storage and testing of precious metals, except for products made from them, and samples (samples) of raw materials containing precious metals, the owners of which are financial organizations, other persons having the right to carry out export-import operations with precious metals and raw materials containing precious metals; 12-2) in cases provided for by the legislation of the Republic of Kazakhstan, carries out transportation, receipt, accounting, storage of precious metals, precious stones and products made from them, turned (received) into the ownership of the state on certain grounds;
13) independently and (or) jointly with other state bodies of the Republic of Kazakhstan within their competence carries out regulation of systemic risks;
Sub-item 14 is redacted in the edition of the Law of the RK of 02.07.18 No. 168-VI (entered into force from January 1, 2019) (see old edition); Law of the RK of 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old edition); Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
14) provides loans in accordance with the legislation of the Republic of Kazakhstan;
15) excluded in accordance with the Law of the RK of 30.06.25 No. 205-VIII (entered into force from August 31, 2025) (see old edition)
Source: Information system "PARAGRAPH"
Amendments were made to sub-item 16 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version); restated in the edition of the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
16) develops statistical methodology, forms and disseminates statistical information on monetary statistics, financial market statistics, and external sector statistics (balance of payments, international investment position, and external debt);
Sub-item 17 restated in the edition of the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on January 1, 2016) (see old version); Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
17) develops statistical forms for external sector statistics, conducts departmental statistical observations in accordance with the statistical work plan, and within its competence exercises control in the field of state statistics;
18) excluded in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
Article supplemented with sub-item 18-1 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020); restated in the edition of the Law of the Republic of Kazakhstan dated 02.01.21 No. 399-VI (entered into force on January 1, 2021) (see old version); Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
The action of sub-item 18-1 was suspended from January 1, 2020 to December 16, 2020; during the suspension period, this sub-item operated in the edition of paragraph 2 of Article 2 of the Law dated 03.07.19 No. 262-VI
18-1) collects and processes administrative data (financial and other reporting) on issues of currency regulation and currency control, monetary statistics, cash money circulation, payments and payment systems, regulation, control and supervision of the financial market and financial organizations, and in the field of financial legislation of the Republic of Kazakhstan, and determines the procedure for their submission;
Sub-item 19 restated in the edition of the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version); Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
The action of sub-item 19 was suspended from January 1, 2020 to December 16, 2020; during the suspension period, this sub-item operated in the edition of paragraph 2 of Article 2 of the Law dated 03.07.19 No. 262-VI
19) within its competence regulates the financial market and financial organizations, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, and other persons, as well as exercises control and supervision over the financial market and financial organizations, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, and in the field of financial legislation of the Republic of Kazakhstan in accordance with this Law, the Law of the Republic of Kazakhstan "On State Regulation, Control and Supervision of the Financial Market and Financial Organizations", other laws of the Republic of Kazakhstan, and acts of the President of the Republic of Kazakhstan;
Sub-item 20 restated in the edition of the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version)
20) issues (refuses to issue), reissues, suspends, revokes licenses:
for exchange operations with cash foreign currency - to legal entities carrying out their activities exclusively through exchange points; for cashing of banknotes, coins, and valuables - to legal entities whose exclusive activity is the cashing of banknotes, coins, and valuables;
Article supplemented with sub-item 20-1 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025)
20-1) during the period of introduction of a state of emergency, in order to ensure economic security and stability of the financial system of the Republic of Kazakhstan, in accordance with acts of the President of the Republic of Kazakhstan, has the right to introduce a special regulatory regime, providing for the introduction of a special procedure and conditions for providing payment services
Source: Information system "PARAGRAPH"
financial organizations, payment system operators, payment organizations, including regulation of commissions applied by them;
21) excluded in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version)
21-1) excluded in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version)
22) excluded in accordance with the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on January 1, 2016) (see old version)
22-1) excluded in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version)
23) determines the policy and methods of accounting for the National Bank of Kazakhstan taking into account international financial reporting standards;
Amendments were made to sub-item 24 in accordance with the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (see entry into force dates) (see old version); restated in the edition of the Law of the Republic of Kazakhstan dated 24.05.18 No. 156-VI (see old version); Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version)
24) exercises control and supervision over compliance by legal entities carrying out activities exclusively through exchange points on the basis of a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, with the legislation of the Republic of Kazakhstan on accounting and financial reporting, rules for automation of accounting, as well as with the legislation of the Republic of Kazakhstan on currency regulation and currency control;
Article supplemented with sub-item 24-1 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020)
24-1) within its competence participates in inspections of the activities of inspected subjects conducted by the authorized body for regulation, control and supervision of the financial market and financial organizations;
Article supplemented with sub-item 24-2 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020); amendments made in accordance with the Law of the Republic of Kazakhstan dated 01.07.22 No. 131-VII (see old version); Law of the Republic of Kazakhstan dated 19.09.25 No. 219-VIII (entered into force on November 20, 2025) (see old version)
24-2) exercises control over compliance by legal entities carrying out activities exclusively through exchange points on the basis of a license of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and payment organizations, with the legislation of the Republic of Kazakhstan on countering the legalization (laundering) of proceeds obtained criminally, financing of terrorism and financing of the proliferation of weapons of mass destruction in part of recording, storing and providing information on operations with money and (or) other property subject to financial monitoring, due diligence of clients (their representatives) and beneficial owners, suspension and refusal to conduct operations subject to financial monitoring, protection of documents obtained in the course of their activities, as well as over the organization and implementation of internal control in accordance with the legislation of the Republic of Kazakhstan;
Article supplemented with sub-item 24-3 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025)
24-3) exercises control and supervision over compliance by providers of payment services who are not banks and organizations carrying out separate types of banking operations, payment system operators and payment system operational centers, with the legislation of the Republic of Kazakhstan on payments and payment systems;
25) participates in servicing the state debt of the Government of the Republic of Kazakhstan with its agreement and services the state debt of the National Bank of Kazakhstan;
Amendments were made to sub-item 26 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
Source: Information system "PARAGRAPH"
26) establishes and publishes the official exchange rate of the national currency of the Republic of Kazakhstan to foreign currencies according to the procedure determined by the National Bank of Kazakhstan;
27) excluded in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
28) monitors sources of demand and supply, as well as directions of use of foreign currency in the domestic foreign exchange market;
29) carries out banking activities, professional activities in the securities market, and other activities determined by the laws of the Republic of Kazakhstan without obtaining corresponding licenses;
Article supplemented with sub-item 29-1 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025)
29-1) determines the procedure for opening, maintaining and closing metal accounts by banks, branches of banks - non-residents of the Republic of Kazakhstan;
30) excluded in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
Amendments were made to sub-item 31 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
31) exercises trust management of the National Fund of the Republic of Kazakhstan on the basis of a trust management agreement concluded between the National Bank of Kazakhstan and the Government of the Republic of Kazakhstan;
Sub-item 32 restated in the edition of the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
32) exercises trust management of assets of legal entities on the basis of trust management agreements concluded by the National Bank of Kazakhstan with legal entities;
32-1) exercises trust management of pension assets of the Unified Accumulative Pension Fund on the basis of a trust management agreement concluded between the National Bank of Kazakhstan and the Unified Accumulative Pension Fund;
Sub-item 32-2 restated in the edition of the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
32-2) provides custodial services regarding pension assets of the Unified Accumulative Pension Fund;
33) excluded in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
Amendments were made to sub-item 34 in accordance with the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on December 16, 2020) (see old version); restated in the edition of the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
34) participates in training personnel for state bodies and financial organizations of the Republic of Kazakhstan;
Amendments were made to sub-item 35 in accordance with the Law of the Republic of Kazakhstan dated 02.07.18 No. 168-VI (entered into force on January 1, 2019) (see old version); restated in the edition of the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version); amendments made in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
The action of sub-item 35 was suspended from January 1, 2020 to December 16, 2020; during the suspension period, this sub-item operated in the edition of paragraph 2 of Article 2 of the Law dated 03.07.19 No. 262-VI
35) applies limited impact measures to residents and non-residents carrying out currency operations and not being financial organizations, payment system operators, payment system operational centers, as well as providers of payment services who are not banks, branches of banks - non-residents of the Republic of Kazakhstan and organizations carrying out separate types of banking operations, supervisory response measures to legal entities carrying out activities exclusively through exchange points on the basis of a license
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of the National Bank of Kazakhstan for exchange operations with cash foreign currency, and to legal entities whose exclusive activity is the cashing of banknotes, coins, and valuables, as well as sanctions and other measures provided for by the laws of the Republic of Kazakhstan, and determines the procedure for their application;
Article supplemented with sub-item 35-1 in accordance with the Law of the Republic of Kazakhstan dated 02.07.18 No. 168-VI; restated in the edition of the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version)
35-1) introduces a special regulatory regime with respect to payment organizations and (or) other legal entities that are not financial organizations, in order to carry out activities related to payment services, and regulates their activities within the competence;
36) carries out the acquisition of goods, works, and services in the manner determined by the normative legal acts of the National Bank of Kazakhstan;
37) assigns, annuls and determines the use of bank identification codes, assigns and annuls codes of banks and organizations carrying out separate types of banking operations, and codes of branches of banks and organizations carrying out separate types of banking operations, establishes their structure, and also forms and maintains the Directory of banks and organizations carrying out separate types of banking operations;
37-1) excluded in accordance with the Law of the Republic of Kazakhstan dated 13.03.17 No. 53-VI (see old version)
38) creates consultative and advisory bodies of the National Bank of Kazakhstan;
38-1) excluded in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
Article supplemented with sub-item 38-2 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020)
38-2) within its competence cooperates with central banks, control and supervisory bodies of other states, international and other organizations and has the right to exchange, while observing confidentiality, information constituting a commercial secret in the securities market, banking secret, insurance secret or other legally protected secret, necessary for the exercise of control and supervisory functions, on the basis and in accordance with an international treaty of the Republic of Kazakhstan, a contract providing for the exchange of confidential information.
Under other organizations indicated in the first part of this sub-item are meant associations of central banks, control and supervisory bodies of other states, created for the purpose of developing unified standards for regulating the activities of the banking sector, securities market and insurance market;
Article supplemented with sub-items 38-3 and 38-4 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025)
38-3) conducts research in the field of monetary policy, financial stability and other areas related to its activities;
Amendments were made to sub-item 38-4 in accordance with the Law of the Republic of Kazakhstan dated 16.01.26 No. 259-VIII (entered into force on March 19, 2026) (see old version)
38-4) approves normative legal acts mandatory for compliance by financial organizations, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, other natural and legal persons on the territory of the Republic of Kazakhstan in accordance with this Law and the legislation of the Republic of Kazakhstan;
39) carries out other functions and powers provided for by this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
The title of Chapter 3 restated in the edition of the Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1 (see old version)
Chapter 3
CAPITAL AND RESERVES OF THE NATIONAL BANK OF KAZAKHSTAN
Source: Information system "PARAGRAPH"
Article 9 restated in the edition of the Law of the Republic of Kazakhstan dated 11.06.97 No. 154-1; amendments made in accordance with the Law of the Republic of Kazakhstan dated 29.06.98 No. 236-1; Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1 (see old version); Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version); Law of the Republic of Kazakhstan dated 08.07.05 No. 69-III (see old version); Law of the Republic of Kazakhstan dated 05.07.06 No. 165-III (entered into force on July 1, 2006) (see old version); Law of the Republic of Kazakhstan dated 01.03.11 No. 414-IV (see old version); Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version)
Article 9. Charter Capital of the National Bank of Kazakhstan
The charter capital of the National Bank of Kazakhstan belongs to the state and is formed in an amount of not less than 20 billion Kazakhstani tenge by deductions from undistributed net income.
The National Bank of Kazakhstan independently exercises on behalf of the Republic of Kazakhstan the rights of ownership, use and disposal of property assigned to it, located on its balance sheet, in the manner determined by the National Bank of Kazakhstan.
Amendments were made to Article 10 in accordance with the Law of the Republic of Kazakhstan dated 11.06.97 No. 154-1; Law of the Republic of Kazakhstan dated 29.06.98 No. 236-1; Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1 (see old version); Law of the Republic of Kazakhstan dated 02.03.01 No. 162-II (see old version); Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version); Law of the Republic of Kazakhstan dated 08.07.05 No. 69-III (see old version); restated in the edition of the Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version); amendments made in accordance with the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on January 1, 2016) (see old version)
Article 10. Reserve Capital, Revaluation Accounts and Provisions (Reserves) of the National Bank of Kazakhstan
The reserve capital of the National Bank of Kazakhstan is formed in an amount of not less than the charter capital, is replenished from undistributed net income and is intended exclusively for compensating losses and reimbursing damages from operations conducted in the manner established by the Board of Directors of the National Bank of Kazakhstan. The revaluation account for gold and foreign exchange reserves and other foreign currency assets is intended for accounting for income from their revaluation. The revaluation account for fixed assets is intended for accounting for the results of indexing the fixed assets of the National Bank of Kazakhstan.
Provisions (reserves) for doubtful and bad debts, including loans, deposits, securities, losses on settlements, balances on accounts and other assets, including volumes of unfinished construction, other claims from the non-monetary activities of the National Bank of Kazakhstan and social payments, are formed at the expense of the expenses of the National Bank of Kazakhstan.
Amendments were made to Article 11 in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated 27.01.96 No. 2830; Law of the Republic of Kazakhstan dated 11.06.97 No. 154-1; Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1 (see old version); Law of the Republic of Kazakhstan dated 02.03.01 No. 162-II (see old version); restated in the edition of the Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version); amendments made in accordance with the Law of the Republic of Kazakhstan dated 08.07.05 No. 69-III (see old version); Law of the Republic of Kazakhstan dated 11.07.09 No. 185-IV (entered into force after the expiration of thirty calendar days after the first official publication) (see old version); Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version)
Article 11. Income of the National Bank of Kazakhstan
The net income of the National Bank of Kazakhstan for the financial year is determined as the difference between actually received income and expenses related to this financial year.
The undistributed net income of the National Bank of Kazakhstan is the net income of the National Bank of Kazakhstan, except for the amount of exchange revaluation, which is charged to the revaluation accounts for gold and foreign exchange reserves and other foreign currency assets, adjusted for the amounts of revaluation of fixed assets and intangible assets. Undistributed net income is directed to increase the charter and (or) reserve capital in an amount established by the Board of Directors of the National Bank of Kazakhstan.
After the approval by the President of the Republic of Kazakhstan of the annual report of the National Bank of Kazakhstan, the remaining part of the undistributed net income is transferred to the state budget with a deferment of one financial year.
Source: Information system "PARAGRAPH"
The action of the fourth part is suspended from January 1, 2023, to January 1, 2030. During the suspension period, this part operates in the edition of the Law of the Republic of Kazakhstan dated January 16, 2026, No. 259-VIII.
In the event that the size of the reserve capital is less than the sum of the authorized capital, the entire undistributed net income remains at the disposal of the National Bank of Kazakhstan and is directed to replenish the reserve capital until it reaches the size of the authorized capital. In case of insufficient funds in the reserve capital to cover the losses of the financial year, uncovered losses are compensated to the National Bank of Kazakhstan in full from the funds of the state budget with a deferral of one financial year.
The title of Chapter 4 is amended in the edition of the Law of the Republic of Kazakhstan dated July 16, 1999, No. 436-1 (see old edition).
Chapter 4
STRUCTURE AND BODIES OF THE NATIONAL BANK OF KAZAKHSTAN.
ORDER OF THEIR FORMATION AND COMPETENCE
Article 12 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated January 27, 1996, No. 2830; Law of the Republic of Kazakhstan dated June 11, 1997, No. 154-1; Law of the Republic of Kazakhstan dated July 16, 1999, No. 436-1 (see old edition); Law of the Republic of Kazakhstan dated July 5, 2012, No. 30-V (see old edition); Law of the Republic of Kazakhstan dated January 2, 2021, No. 399-VI (entered into force from January 1, 2021) (see old edition); Law of the Republic of Kazakhstan dated June 30, 2025, No. 205-VIII (entered into force from August 31, 2025) (see old edition).
Article 12. Structure and bodies of the National Bank of Kazakhstan
The National Bank of Kazakhstan represents a unified centralized structure with a vertical scheme of subordination.
The bodies of the National Bank of Kazakhstan are the Board, the Monetary Policy Committee, and the Board of Directors.
The structure of the National Bank of Kazakhstan includes the central apparatus, consisting of departments and other subdivisions, branches, representative offices, agencies, and organizations of the National Bank of Kazakhstan.
Article 13 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 4, 1995, No. 2672; Decree of the President of the Republic of Kazakhstan having the force of law dated January 27, 1996, No. 2830; Law of the Republic of Kazakhstan dated June 11, 1997, No. 154-1; Law of the Republic of Kazakhstan dated April 29, 2009, No. 154-IV (see old edition).
Article 13. Chairman of the National Bank of Kazakhstan
The Chairman of the National Bank of Kazakhstan is appointed by the President of the Republic of Kazakhstan with the consent of the Senate of the Parliament for a term of 6 years.
The Chairman acts on behalf of and represents without a power of attorney the National Bank of Kazakhstan in relations with state bodies, banks, financial, international, foreign, and other organizations.
The Chairman of the National Bank of Kazakhstan is empowered to take operational and executive-administrative decisions on issues of the activity of the National Bank of Kazakhstan, except for the powers stipulated by this Law for the Board of the National Bank of Kazakhstan, and to conclude contracts on behalf of the National Bank of Kazakhstan.
The Chairman of the National Bank of Kazakhstan is responsible for the activity of the National Bank of Kazakhstan.
Article 14. Deputy Chairmen of the National Bank of Kazakhstan
The Deputy Chairmen of the National Bank of Kazakhstan are appointed by the President of the Republic of Kazakhstan upon the submission of the Chairman of the National Bank of Kazakhstan for a term of 6 years, independently of the terms of appointment of the Chairman of the National Bank of Kazakhstan.
The Deputy Chairmen represent the National Bank of Kazakhstan without a power of attorney and sign documents within their competence.
Source: Information system "PARAGRAPH"
Article 15 is amended in the edition of the Law of the Republic of Kazakhstan dated June 30, 2025, No. 205-VIII (entered into force from August 31, 2025) (see old edition).
Article 15. Board of the National Bank of Kazakhstan and its powers
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The highest body of the National Bank of Kazakhstan is the Board.
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The Board of the National Bank of Kazakhstan, including in coordination with or jointly with authorized state bodies in accordance with their competence, adopts acts on issues:
1) development and implementation of monetary policy;
2) issuance of banknotes and coins of the national currency of the Republic of Kazakhstan, cash circulation, including sale, buyback, exchange, replacement, determination of paymentworthiness, and withdrawal from circulation of banknotes and coins, carrying out cash operations and operations on the collection of banknotes, coins, and valuables, transportation, storage, and collection of banknotes, coins, and valuables on the territory of the Republic of Kazakhstan;
3) organization and functioning of payment systems, regulation of payment systems, regulation of the payment services market, as well as carrying out payments and (or) money transfers in the Republic of Kazakhstan;
4) currency regulation and currency control;
5) establishment of the official exchange rate of the national currency of the Republic of Kazakhstan to foreign currencies;
6) carrying out exchange operations with cash foreign currency in the Republic of Kazakhstan;
7) organization of security and facility maintenance within competence;
8) application of limited impact measures and supervisory response measures within the competence established by this Law, other laws of the Republic of Kazakhstan, and acts of the President of the Republic of Kazakhstan;
Subparagraph 9 is amended in the edition of the Law of the Republic of Kazakhstan dated January 16, 2026, No. 259-VIII (entered into force from March 19, 2026) (see old edition).
9) management of assets in foreign currency, precious metals, and digital assets, as well as their transfer to external management;
10) implementation of the state's priority right to acquire refined gold to replenish assets in precious metals;
11) assistance in ensuring the stability of the financial system;
12) withdrawal of cash from bank accounts by business entities;
13) submission of statistical reporting forms on external sector statistics within the competence established by the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan;
14) collection of administrative data (submission of financial and other reporting) within the competence established by the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan;
15) introduction and cancellation by the National Bank of Kazakhstan of a special regulatory regime, carrying out activities related to digital assets and (or) payment services within the special regulatory regime;
16) regulation of the accounting system and financial reporting, including standard chart of accounts, financial reporting standards on issues not regulated by international financial reporting standards, methodological recommendations to them, as well as automation of accounting in financial organizations, branches of banks - non-residents of the Republic of Kazakhstan, branches of insurance (reinsurance) organizations - non-residents of the Republic of Kazakhstan, branches of insurance brokers - non-residents of the Republic of Kazakhstan, the Development Bank of Kazakhstan;
17) licensing of the activity of legal entities carrying out their activity exclusively through exchange points, and legal entities whose exclusive activity is the collection of banknotes, coins, and valuables, as well as accounting registration of payment organizations in the National Bank of Kazakhstan;
18) establishment of requirements for the security and continuity of work of information systems of banks, branches of banks - non-residents of the Republic of Kazakhstan, and organizations carrying out certain types of banking operations;
19) opening, maintenance, and closure by banks, branches of banks - non-residents of the Republic of Kazakhstan, of metal accounts;
20) carrying out operations with documentary letters of credit by banks of the Republic of Kazakhstan;
21) banking services by the National Bank of Kazakhstan;
22) carrying out dealer and brokerage activity by the National Bank of Kazakhstan;
Changes have been made to subparagraph 23 in accordance with the Law of the Republic of Kazakhstan dated January 16, 2026, No. 259-VIII (entered into force from March 19, 2026) (see old edition).
23) trust management of the National Fund of the Republic of Kazakhstan, pension assets of the Unified Accumulative Pension Fund, and assets of legal entities, carrying out investment operations of the National Fund of the Republic of Kazakhstan, as well as selection of external managers of the National Fund of the Republic of Kazakhstan, pension assets of the Unified Accumulative Pension Fund, with the exception of the subsidiary organization of the National Bank of Kazakhstan that carries out management of portfolios of alternative instruments transferred to it for management by the National Bank of Kazakhstan;
24) carrying out operations with foreign currency in the National Bank of Kazakhstan, transferred to state ownership on certain grounds;
25) appointment to positions and termination of employment contracts with employees of the National Bank of Kazakhstan and its agencies;
26) acquisition of goods, works, and services by the National Bank of Kazakhstan, its agencies, organizations included in its structure, and legal entities, fifty or more percent of voting shares (participation shares in the authorized capital) of which belong to the National Bank of Kazakhstan or are under its trust management, by the authorized body for regulation, control, and supervision of the financial market and financial organizations;
27) determination of the maximum size of the annual effective rate of remuneration on bank loans and microloans;
28) issues falling within the competence of the National Bank of Kazakhstan not provided for in this point, in accordance with this Law, other legislation of the Republic of Kazakhstan, and acts of the President of the Republic of Kazakhstan.
- The Board of the National Bank of Kazakhstan:
1) determines activity related to monetary policy;
2) considers, approves, and submits for approval to the President of the Republic of Kazakhstan the annual report on the work of the National Bank of Kazakhstan, the structure, and the total staff of the National Bank of Kazakhstan;
3) approves the wage system for employees of the National Bank of Kazakhstan, coordinated with the President of the Republic of Kazakhstan, as well as the terms of remuneration and socio-domestic support for employees of the National Bank of Kazakhstan and its agencies;
4) approves the budget (expense estimate) of the National Bank of Kazakhstan;
5) takes a decision on financing the activity of the authorized body for regulation, control, and supervision of the financial market and financial organizations;
6) takes decisions on the creation and participation in the activity of organizations, including those contributing to the implementation by the National Bank of Kazakhstan of its assigned functions and (or) being part of the financial market infrastructure, as well as on changing their names, reorganization, and liquidation;
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7) carries out other functions and powers provided for by this Law, other legislation of the Republic of Kazakhstan, and acts of the President of the Republic of Kazakhstan.
Article 16 is amended in the edition of the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995, No. 2672; amendments have been made in accordance with the Law of the Republic of Kazakhstan No. 154-1 dated July 11, 1997; Law of the Republic of Kazakhstan dated July 5, 2006, No. 165-III (entered into force from July 1, 2006) (see old edition); Law of the Republic of Kazakhstan dated July 5, 2012, No. 30-V (see old edition); Law of the Republic of Kazakhstan dated July 3, 2019, No. 262-VI (entered into force from January 1, 2020) (see old edition).
Article 16. Composition of the Board of the National Bank of Kazakhstan
The Board of the National Bank of Kazakhstan consists of 9 people.
The composition of the Board of the National Bank of Kazakhstan includes the Chairman of the National Bank of Kazakhstan and four officials of the National Bank of Kazakhstan, one representative from the President of the Republic of Kazakhstan, two representatives from the Government of the Republic of Kazakhstan, and one representative from the authorized body for regulation, control, and supervision of the financial market and financial organizations.
Members of the Board of the National Bank of Kazakhstan from the President of the Republic of Kazakhstan, the Government of the Republic of Kazakhstan, the National Bank of Kazakhstan, and the authorized body for regulation, control, and supervision of the financial market and financial organizations are appointed and dismissed by the President of the Republic of Kazakhstan, the Government of the Republic of Kazakhstan, the Chairman of the National Bank of Kazakhstan, and the Chairman of the authorized body for regulation, control, and supervision of the financial market and financial organizations, respectively.
Article 17 has been amended in accordance with the Law of the Republic of Kazakhstan No. 154-1 dated July 11, 1997; Law of the Republic of Kazakhstan dated July 16, 1999, No. 436-1 (see old edition); Law of the Republic of Kazakhstan dated July 3, 2019, No. 262-VI (entered into force from January 1, 2020) (see old edition).
Article 17. Meetings of the Board of the National Bank of Kazakhstan
Meetings of the Board of the National Bank of Kazakhstan are held as necessary in accordance with the work plan approved by the Chairman of the National Bank of Kazakhstan.
Unscheduled meetings of the Board of the National Bank of Kazakhstan are held at the request of the Chairman of the National Bank of Kazakhstan or three members of the Board.
Members of the Board of the National Bank of Kazakhstan are notified in a timely manner about the appointment of a Board meeting.
Meetings of the Board of the National Bank of Kazakhstan are chaired by the Chairman of the National Bank of Kazakhstan, and in his absence - by the person replacing him.
The Board is competent to make decisions with the participation of at least two-thirds of the members of the Board, including the Chairman of the National Bank of Kazakhstan, or the person replacing him.
A decision of the Board is adopted by a simple majority of votes of the members of the Board. In case of a tie, the vote of the Chairman of the National Bank of Kazakhstan is decisive.
The Chairman of the National Bank of Kazakhstan has the right to return the decision of the Board with his objections for repeated discussion and voting within a week. If the Board confirms the previously adopted decision by two-thirds of the votes from their total number, the Chairman of the National Bank of Kazakhstan signs the decision.
Article 18 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995, No. 2672.
Article 18. Resignation and dismissal from office
The Chairman of the National Bank of Kazakhstan has the right to resign by submitting a written application to the President of the Republic of Kazakhstan two months before leaving office.
The Chairman of the National Bank of Kazakhstan is dismissed from office by the President of the Republic of Kazakhstan.
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Deputy Chairmen are dismissed from office by the President of the Republic of Kazakhstan upon the submission of the Chairman of the National Bank of Kazakhstan.
Deputy Chairmen may resign by submitting their written application to the President of the Republic of Kazakhstan through the Chairman of the National Bank of Kazakhstan two months before leaving office.
The Law is supplemented by Article 18-1 in accordance with the Law of the Republic of Kazakhstan dated January 2, 2021, No. 399-VI (entered into force from January 1, 2021).
Article 18-1. Monetary Policy Committee of the National Bank of Kazakhstan and its powers
- The Monetary Policy Committee of the National Bank of Kazakhstan is a body making decisions on issues of monetary policy.
The Monetary Policy Committee of the National Bank of Kazakhstan:
1) establishes the base rate;
2) establishes remuneration rates for main monetary policy operations;
3) makes decisions on other issues of monetary policy not falling within the exclusive competence of the Board of the National Bank of Kazakhstan.
- The composition of the Monetary Policy Committee of the National Bank of Kazakhstan includes the Chairman of the National Bank of Kazakhstan, his deputies overseeing issues of monetary policy, monetary operations, financial stability, heads of structural subdivisions of the National Bank of Kazakhstan whose functions include issues of monetary policy, monetary operations, financial stability, as well as other subdivisions of the National Bank of Kazakhstan by decision of the Chairman of the National Bank of Kazakhstan.
Persons who are not employees of the National Bank of Kazakhstan, meeting the requirements approved by the Board of the National Bank of Kazakhstan, may be included in the composition of the Monetary Policy Committee of the National Bank of Kazakhstan.
The composition and rules of procedure of the Monetary Policy Committee of the National Bank of Kazakhstan are approved by the Chairman of the National Bank of Kazakhstan.
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The Chairman of the National Bank of Kazakhstan chairs the meetings of the Monetary Policy Committee of the National Bank of Kazakhstan.
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The Monetary Policy Committee of the National Bank of Kazakhstan adopts resolutions on issues within its competence.
Article 19 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 4, 1995, No. 2672; Law of the Republic of Kazakhstan dated July 11, 1997, No. 154-1; Law of the Republic of Kazakhstan dated July 16, 1999, No. 436-1 (see old edition); Law of the Republic of Kazakhstan dated March 2, 2001, No. 162-II (see old edition); Law of the Republic of Kazakhstan dated July 10, 2003, No. 483-II (see old edition); Law of the Republic of Kazakhstan dated July 5, 2012, No. 30-V (see old edition); Law of the Republic of Kazakhstan dated November 24, 2015, No. 422-V (entered into force from January 1, 2016) (see old edition); Law of the Republic of Kazakhstan dated January 2, 2021, No. 399-VI (entered into force from January 1, 2021) (see old edition); Law of the Republic of Kazakhstan dated June 30, 2025, No. 205-VIII (entered into force from August 31, 2025) (see old edition).
Article 19. Board of Directors of the National Bank of Kazakhstan and its powers
The body of operational management of the National Bank of Kazakhstan is the Board of Directors of the National Bank of Kazakhstan.
The composition of the Board of Directors includes the Chairman of the National Bank of Kazakhstan, his deputies, heads of structural subdivisions and agencies of the National Bank of Kazakhstan. The composition of the Board of Directors of the National Bank of Kazakhstan is approved by the Chairman of the National Bank of Kazakhstan.
The Chairman of the National Bank of Kazakhstan chairs the meetings of the Board of Directors. At his request, a meeting of the Board of Directors may be chaired by the Deputy Chairman of the National Bank of Kazakhstan.
The Board of Directors, in accordance with this Law, makes decisions on issues within the jurisdiction of the National Bank of Kazakhstan, except for those issues that fall within the competence of the Board, the Monetary Policy Committee, and the Chairman of the National Bank of Kazakhstan (or his deputies).
The Board of Directors adopts resolutions on issues within its competence.
The Board of Directors determines the procedure for keeping accounting and preparing separate and consolidated financial reporting of the National Bank of Kazakhstan, as well as the procedure for keeping accounting and preparing financial reporting of the National Fund of the Republic of Kazakhstan.
See: Regulations of the Board of Directors of the National Bank of the Republic of Kazakhstan (Appendix 5 to the Resolution of the Board of Directors of the National Bank of the Republic of Kazakhstan dated December 24, 2019, No. 101)
Part one of Article 20 is amended in the edition of the Decree of the President of the Republic of Kazakhstan having the force of law dated January 27, 1996, No. 2830; amendments have been made in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997, No. 154-1; Law of the Republic of Kazakhstan dated March 1, 2011, No. 414-IV (see old edition); the title and part one of Article 20 are amended in the edition of the Law of the Republic of Kazakhstan dated July 5, 2012, No. 30-V (see old edition).
Article 20. Branches, representative offices, agencies, and organizations of the National Bank of Kazakhstan
Branches, representative offices, and agencies of the National Bank of Kazakhstan carry out their activity within the powers established by the National Bank of Kazakhstan.
Organizations of the National Bank of Kazakhstan are legal entities, created and cease their activity in accordance with legislative acts, taking into account the features established by this Law.
The National Bank of Kazakhstan takes a decision on the creation, reorganization, and liquidation of its organizations, is their founder and the authorized state body carrying out functions of the subject of state property rights in relation to them, including powers to regulate their activity and make decisions on changing the legal status of the named organizations.
The Law is supplemented by Chapter 4-1 in accordance with the Law of the Republic of Kazakhstan dated July 5, 2012, No. 30-V.
Chapter 4-1. EMPLOYEES OF THE NATIONAL BANK OF KAZAKHSTAN AND ITS AGENCIES
Article has been amended in accordance with the Law of the Republic of Kazakhstan dated July 11, 2017, No. 91-VI (see old edition); Law of the Republic of Kazakhstan dated July 3, 2019, No. 262-VI (entered into force from January 1, 2020) (see old edition).
Article 20-1. Composition of positions of employees of the National Bank of Kazakhstan and its agencies and regulation of their labor
Employees of the National Bank of Kazakhstan and its agencies are persons who are not administrative state and civil servants holding positions in the National Bank of Kazakhstan and its agencies, whose remuneration is paid from the funds of the budget (expense estimate) of the National Bank of Kazakhstan.
The composition of positions of employees of the National Bank of Kazakhstan and its agencies includes positions:
1) political state servants;
2) servants of the National Bank of Kazakhstan and its agencies;
3) technical servants of the National Bank of Kazakhstan and its agencies.
Servants of the National Bank of Kazakhstan and its agencies are persons who are not state servants carrying out official powers in the National Bank of Kazakhstan and its agencies, aimed at implementing the tasks and functions of the state.
Under official powers are meant rights and duties provided for by a specific state position of servants in the National Bank of Kazakhstan and its agencies, corresponding to the goals and tasks facing the National Bank of Kazakhstan.
Source: Information System "PARAGRAPH"
The list of positions of civil servants of the National Bank of Kazakhstan and its agencies is approved by the President of the Republic of Kazakhstan.
Technical servants of the National Bank of Kazakhstan and its agencies are persons who are not civil servants, performing labor duties to service and ensure the functioning of the National Bank of Kazakhstan and its agencies.
The list of positions of technical servants is approved by the Board of Directors of the National Bank of Kazakhstan.
The labor of employees of the National Bank of Kazakhstan and its agencies is regulated by the Labor Code of the Republic of Kazakhstan with features established by this Law, other normative legal acts of the Republic of Kazakhstan, as well as acts of the National Bank of Kazakhstan.
Remuneration of employees of the National Bank of Kazakhstan and its agencies is established on the basis of the remuneration system for employees of the National Bank of Kazakhstan, approved by the Board of the National Bank of Kazakhstan in agreement with the President of the Republic of Kazakhstan.
Article 20-2 has been amended in accordance with Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force from January 1, 2016) (see old version); Law of the Republic of Kazakhstan dated 23.12.23 No. 51-VIII (entered into force from January 5, 2024) (see old version).
Article 20-2. Conditions for appointment to positions of civil servants of the National Bank of Kazakhstan and its agencies
Persons applying for a position of a civil servant of the National Bank of Kazakhstan and its agencies must have education and level of professional training necessary for holding the corresponding position in the National Bank of Kazakhstan and its agencies.
Holding a position of a civil servant of the National Bank of Kazakhstan and its agencies is carried out after obtaining positive results of a mandatory special check.
A person may not be appointed to a position of a civil servant of the National Bank of Kazakhstan and its agencies:
1) recognized as incapacitated or partially incapacitated in the manner established by law;
2) who, within three years prior to appointment to a position of a civil servant of the National Bank of Kazakhstan and its agencies, was subject to disciplinary liability for committing a corruption offense;
3) who committed a corruption crime;
4) dismissed from work for committing a corruption offense;
5) who has a criminal record that has not been expunged or removed in the manner established by law at the time of holding a position of a civil servant of the National Bank of Kazakhstan and its agencies;
Subparagraph 6 is worded in the edition of Law of the Republic of Kazakhstan dated 23.12.23 No. 51-VIII (entered into force from January 5, 2024) (see old version).
6) who did not obtain positive results of a mandatory special check.
Article 20-3 has been amended in accordance with Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old version).
Article 20-3. Termination of employment contracts with civil servants of the National Bank of Kazakhstan and its agencies
Termination of an employment contract with civil servants of the National Bank of Kazakhstan and its agencies is carried out on the following grounds:
1) provided for by the Labor Code of the Republic of Kazakhstan;
Source: Information System "PARAGRAPH"
2) reaching the retirement age established by the law of the Republic of Kazakhstan, with the right to annually extend the term of their stay in the National Bank of Kazakhstan and its agencies;
Subparagraph 3 is worded in the edition of Law of the Republic of Kazakhstan dated 23.12.23 No. 51-VIII (entered into force from January 5, 2024) (see old version).
3) negative results of a mandatory special check;
4) submission of knowingly false information about his income and property;
Subparagraph 5 is worded in the edition of Law of the Republic of Kazakhstan dated 18.11.15 No. 411-V (entered into force from January 1, 2016) (see old version).
5) non-compliance with anti-corruption obligations and restrictions established by this Law and the Law of the Republic of Kazakhstan "On Countering Corruption";
6) failure to transfer to trust management units of investment funds, bonds, and shares of commercial organizations owned by them;
7) submission upon entry into the National Bank of Kazakhstan and its agencies of knowingly false documents or information that could be grounds for refusal to hire;
8) negative results of certification;
Article supplemented with subparagraphs 8-1 and 8-2 in accordance with Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020).
8-1) transfer to another state body in connection with the transfer of functions, powers, and/or staff units of the National Bank of Kazakhstan, including during its liquidation (abolition) or reorganization, to another state body; 8-2) refusal to transfer to a state body to which functions, powers, and/or staff units of the National Bank of Kazakhstan, including during its liquidation (abolition) or reorganization, are transferred;
9) on other grounds provided for by the laws of the Republic of Kazakhstan.
The state body to which functions, powers, and/or staff units of the National Bank of Kazakhstan, including during its liquidation (abolition) or reorganization, are transferred, offers positions to civil servants of the National Bank of Kazakhstan who performed the transferred functions, powers, and/or held those staff units, in accordance with their qualifications. In the absence of an equivalent position, with the consent of the civil servant of the National Bank of Kazakhstan, a lower position provided for in the staffing table of the state body may be offered to him. Upon termination of the employment contract on the grounds of reducing the number or staff of employees of the National Bank of Kazakhstan, a severance payment in the amount of four average monthly salaries is made to the civil servant of the National Bank of Kazakhstan holding the reduced position, provided he has a work experience of at least three years.
Article 20-4 has been amended in accordance with Law of the Republic of Kazakhstan dated 21.06.13 No. 106-V (see old version).
Article 20-4. Rights and duties of civil servants of the National Bank of Kazakhstan and its agencies
- Civil servants of the National Bank of Kazakhstan and its agencies have the right:
1) to enjoy rights and freedoms guaranteed to citizens of the Republic of Kazakhstan by the Constitution and the Labor Code of the Republic of Kazakhstan;
2) to participate within their powers in the consideration of issues and adoption of decisions on them, to demand their execution by relevant bodies and officials;
3) to receive in the established manner information and materials necessary for performing official duties;
Subparagraph 4 is worded in the edition of Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force from December 16, 2020) (see old version).
4) to visit organizations, branches of non-resident banks of the Republic of Kazakhstan, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan in the manner established by the laws of the Republic of Kazakhstan for the performance of official duties;
5) to demand from the supervisor a precise definition of tasks and volume of official powers in accordance with the position held by civil servants of the National Bank of Kazakhstan and its agencies;
6) to respect for personal dignity, fair and respectful treatment by supervisors, other physical and official persons;
Subparagraph 7 is worded in the edition of Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force from January 1, 2016) (see old version).
7) to training and advanced training at the expense of budget funds (expense estimate) of the National Bank of Kazakhstan;
8) to freely familiarize themselves with materials concerning their official powers, and if necessary, to give personal explanations;
9) to promotion in position taking into account qualifications, abilities, and conscientious performance of their official powers;
10) to demand a service investigation in the presence of unfounded, in the opinion of the civil servant, accusations;
11) to engage in pedagogical, scientific, and other creative activities. - Civil servants of the National Bank of Kazakhstan and its agencies are obliged:
1) to observe the Constitution and legislation of the Republic of Kazakhstan;
2) to take an oath in the manner determined by the National Bank of Kazakhstan;
Subparagraph 3 is worded in the edition of Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force from December 16, 2020) (see old version).
3) to ensure compliance and protection of rights, freedoms, and legitimate interests of physical and legal persons, branches of non-resident banks of the Republic of Kazakhstan, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan, to consider in the manner and time limits established by the legislation of the Republic of Kazakhstan appeals from such persons, and to take necessary measures on them;
4) to exercise powers within the limits of rights granted to them and in accordance with official duties;
5) to execute orders and directives of supervisors, decisions and instructions of higher bodies and officials, issued within their powers;
6) to keep secret information obtained in the performance of official duties concerning private life, honor, and dignity of physical persons, and not to demand from them provision of such information, except for cases provided for by the legislation of the Republic of Kazakhstan;
7) to ensure the preservation of state property;
8) to immediately bring to the attention of management or law enforcement agencies cases of corruption offenses that have become known to them;
9) to improve their professional level and qualifications for effective performance of official powers;
Amendments made to subparagraph 10 in accordance with Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old version).
10) not to disclose to third parties official, commercial, banking, insurance, pension savings, and other secrets protected by law, as well as other information in any form accessible for perception on any types of carriers, obtained in the performance of their official powers, including information obtained when working with automated information subsystems (if there is access to them), except for cases provided for by the laws of the Republic of Kazakhstan;
Subparagraph 11 is worded in the edition of Law of the Republic of Kazakhstan dated 03.01.26 No. 251-VIII (entered into force from March 8, 2026) (see old version).
Source: Information System "PARAGRAPH"
11) within thirty calendar days from the date of taking up the position of a civil servant of the National Bank of Kazakhstan or its agency, transfer to trust management and submit to the personnel department of the National Bank of Kazakhstan a notarially certified copy of the trust management agreement regarding units of investment funds, bonds, and shares of commercial organizations owned by them. - Civil servants of the National Bank of Kazakhstan and its agencies are not entitled to purchase units of investment funds, bonds, shares of commercial organizations.
Point 4 is worded in the edition of Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force from January 1, 2016) (see old version); amended in accordance with Law of the Republic of Kazakhstan dated 26.07.16 No. 12-VI (entered into force from September 10, 2016) (see old version); Law of the Republic of Kazakhstan dated 06.05.17 No. 63-VI (see old version); Law of the Republic of Kazakhstan dated 02.07.18 No. 166-VI (see old version); Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old version). - Civil servants of the National Bank of Kazakhstan and its agencies, in the event of carrying out inspections of the activities of inspected entities on issues within the competence of the National Bank of Kazakhstan by virtue of their official powers, are obliged to immediately report to higher management about all circumstances that may prevent the clear and impartial performance of official powers, including about:
1) close relatives (relatives by marriage), spouses who are executive employees of inspected entities;
2) close relatives or spouses working in inspected entities;
3) loans received from inspected entities and other property obligations to inspected entities.
Article 20-5 has been amended in accordance with Law of the Republic of Kazakhstan dated 03.07.14 No. 227-V (see old version); Law of the Republic of Kazakhstan dated 04.07.14 No. 233-V (see old version).
Article 20-5. Liability of employees of the National Bank of Kazakhstan and its agencies
- For non-performance and improper performance of imposed duties and labor discipline, civil servants and technical servants of the National Bank of Kazakhstan and its agencies bear responsibility in accordance with the Labor Code of the Republic of Kazakhstan.
- Deleted in accordance with Law of the Republic of Kazakhstan dated 18.11.15 No. 411-V (entered into force from January 1, 2016) (see old version).
- Disciplinary penalty:
1) is imposed by an official person who has the right to appoint and dismiss a civil servant of the National Bank of Kazakhstan and its agencies, who is subject to disciplinary liability;
2) cannot be imposed repeatedly for the same offense;
3) is imposed in the manner determined by an act of the National Bank of Kazakhstan. - Civil servants of the National Bank of Kazakhstan and its agencies who have committed a disciplinary offense may be temporarily suspended from performing official duties by an official person who has the right to appoint and dismiss him, until the issue of responsibility is resolved in the established manner.
- Deleted in accordance with Law of the Republic of Kazakhstan dated 18.11.15 No. 411-V (entered into force from January 1, 2016) (see old version).
- Deleted in accordance with Law of the Republic of Kazakhstan dated 18.11.15 No. 411-V (entered into force from January 1, 2016) (see old version).
- Deleted in accordance with Law of the Republic of Kazakhstan dated 18.11.15 No. 411-V (entered into force from January 1, 2016) (see old version).
- Civil servants and technical servants of the National Bank of Kazakhstan and its agencies must be obligatorily familiarized with all materials related to the imposition of disciplinary liability; they are granted the right to personally participate in the procedure of a service investigation.
Source: Information System "PARAGRAPH"
Point 9 is worded in the edition of Law of the Republic of Kazakhstan dated 29.06.20 No. 351-VI (entered into force from July 1, 2021) (see old version). - Actions and decisions of the National Bank of Kazakhstan may be appealed by civil servants and technical servants of the National Bank of Kazakhstan and its agencies subject to liability in the manner established by the laws of the Republic of Kazakhstan.
In this case, the appeal of such actions and decisions of the National Bank of Kazakhstan does not suspend their execution. - Civil servants and technical servants of the National Bank of Kazakhstan and its agencies who have committed criminal and other offenses bear criminal, administrative, and material liability on the grounds and in the manner established by the laws of the Republic of Kazakhstan.
Article supplemented with point 11 in accordance with Law of the Republic of Kazakhstan dated 02.07.18 No. 168-VI (entered into force from January 1, 2019). - The National Bank of Kazakhstan ensures legal protection of its employees, members of the Board, including former employees and members of the Board, and persons attracted by it in the event of lawsuits filed against them in connection with actions (inaction), adoption of decisions for the purpose of carrying out functions imposed on the National Bank of Kazakhstan, including during the period of performing their duties as members of temporary administrations and liquidation commissions of second-tier banks, insurance (reinsurance) organizations.
Law supplemented with Article 20-6 in accordance with Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020).
Article 20-6. Vacations of employees of the National Bank of Kazakhstan and its agencies
Amendments made to point 1 in accordance with Law of the Republic of Kazakhstan dated 30.12.21 No. 95-VII (see old version).
- The Chairman of the National Bank of Kazakhstan, his deputies, as well as other employees of the National Bank of Kazakhstan and its agencies are granted a paid annual labor vacation with a duration of thirty calendar days.
A paid annual labor vacation for employees of the National Bank of Kazakhstan and its agencies for the first and subsequent years of work is provided at any time of the working year by agreement of the parties. - At the request of employees of the National Bank of Kazakhstan and its agencies, annual paid labor vacations may be provided to them in parts. In this case, one of the parts of the paid annual labor vacation must be at least two calendar weeks in duration of the vacation.
- Employees of the National Bank of Kazakhstan and its agencies may be granted a leave without pay in the manner established by labor legislation of the Republic of Kazakhstan, including in the event of their training within the framework of a state order for postgraduate education programs.
Law supplemented with Article 20-7 in accordance with Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020).
Article 20-7. Guarantees and compensations to employees of the National Bank of Kazakhstan and its agencies during business trips
- Employees of the National Bank of Kazakhstan and its agencies are reimbursed for expenses for business trips, including to foreign countries, in the manner determined by the National Bank of Kazakhstan.
- During the entire period of the business trip, the place of work (position) and average salary are preserved for employees of the National Bank of Kazakhstan and its agencies on business trips.
Law supplemented with Article 20-8 in accordance with Law of the Republic of Kazakhstan dated 30.12.21 No. 95-VII.
Article 20-8. Secondment of employees of the National Bank of Kazakhstan
- Employees of the National Bank of Kazakhstan, for the purpose of performing tasks set before the National Bank of Kazakhstan, may be seconded to foreign institutions of the Republic of Kazakhstan, international organizations and/or their representations, and other organizations in the manner regulated by the legislation of the Republic of Kazakhstan on diplomatic service.
- Remuneration of seconded employees of the National Bank of Kazakhstan is carried out at the expense of budget funds (expense estimate) of the National Bank of Kazakhstan and is determined in the manner and on conditions determined by the Board of the National Bank of Kazakhstan.
- Conditions of social and medical insurance, guarantees, conditions for payment of compensations and other payments, including reimbursement of damage to seconded employees of the National Bank of Kazakhstan and accompanying family members (spouse (spouse), minor children, minor adopted (fostered) children, as well as incapacitated adult children and/or parents), are determined by the corresponding act of the National Bank of Kazakhstan.
Chapter 5
INTERACTION OF THE NATIONAL BANK OF KAZAKHSTAN WITH STATE AUTHORITIES
Article 21 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated 05.12.95 No. 2672; Law of the Republic of Kazakhstan dated 11.07.97 No. 154-1; Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version).
Article 21. Basic principles of interaction
The National Bank of Kazakhstan, within the limits of powers granted to it by the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan, is independent in its activities. Bodies of representative and executive power are not entitled to interfere in the activities of the National Bank of Kazakhstan, its branches, representations, agencies, and organizations in the implementation of its legislatively established powers.
Article 22 has been amended in accordance with Law of the Republic of Kazakhstan dated 08.07.05 No. 69-III (see old version); Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version); Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force from January 1, 2020) (see old version).
Article 22. Government of the Republic of Kazakhstan and the National Bank of Kazakhstan
The National Bank of Kazakhstan coordinates its activities with the Government of the Republic of Kazakhstan. The National Bank of Kazakhstan and the Government are obliged to inform each other about proposed actions and achieved results of general state significance and to conduct regular consultations. The National Bank of Kazakhstan takes into account the economic policy of the Government in its activities and assists in its implementation, if this does not contradict the fulfillment of its main functions and the implementation of monetary policy. The Chairman of the National Bank of Kazakhstan or one of his deputies has the right to participate in meetings of the Government with the right to a deliberative vote. The Government does not bear responsibility for the obligations of the National Bank of Kazakhstan, just as the National Bank of Kazakhstan does not bear responsibility for the obligations of the Government, except for cases where it assumes such responsibility. See: Resolution of the Government of the Republic of Kazakhstan dated September 28, 2017 No. 600 "On Representatives of the Government of the Republic of Kazakhstan in the Board of the National Bank of the Republic of Kazakhstan"
Article 23 is worded in the edition of Law of the Republic of Kazakhstan dated 11.07.97 No. 154-1.
Article 23. National Bank of Kazakhstan - bank, financial advisor, and agent
Source: Information system "PARAGRAPH"
The National Bank of Kazakhstan may act as a bank, financial advisor, and agent of state bodies by agreement with them.
Article 24 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; amended by the Law of the Republic of Kazakhstan dated December 8, 1997 No. 200-1; by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition)
Article 24. National Bank of Kazakhstan - Bank of the Government of the Republic of Kazakhstan
The funds of the Government of the Republic of Kazakhstan are held at the National Bank of Kazakhstan. The National Bank of Kazakhstan makes payments, carries out other operations on the accounts of the Government, and also provides it with other services.
Direct financing of the Government of the Republic of Kazakhstan by the National Bank of Kazakhstan is not permitted.
Article 25 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; amended in accordance with the Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 25. National Bank of Kazakhstan - Financial Advisor to the Government of the Republic of Kazakhstan
The National Bank of Kazakhstan acts as a financial advisor to the Government of the Republic of Kazakhstan in the development and implementation of state borrowing policy, and in the formation of budget policy on issues related to monetary policy.
Article 26 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1
Article 26. National Bank of Kazakhstan - Agent of the Government of the Republic of Kazakhstan
The National Bank of Kazakhstan acts as an agent of the Government of the Republic of Kazakhstan on terms agreed between the National Bank of Kazakhstan and the Government of the Republic of Kazakhstan.
The National Bank of Kazakhstan, as an agent of the Government of the Republic of Kazakhstan, services government loans of the Government upon agreement with it.
Article 27 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; amended in accordance with the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); by the Law of the Republic of Kazakhstan dated July 5, 2006 No. 165-III (entered into force on July 1, 2006) (see old edition); by the Law of the Republic of Kazakhstan dated July 2, 2018 No. 168-VI (see old edition)
Article 27. Operations with state securities issued by decision of the Government of the Republic of Kazakhstan
The National Bank of Kazakhstan has the right to carry out operations with state securities issued by decision of the Government of the Republic of Kazakhstan.
The National Bank of Kazakhstan does not have the right to acquire in its ownership state securities of the central authorized body for budget execution when they are placed in the primary market.
The central authorized body for budget execution agrees with the National Bank of Kazakhstan the conditions for the admission of financial organizations to the primary placement of state securities issued by decision of the Government.
Article 28 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); amended in accordance with the Law of the Republic of Kazakhstan dated July 5, 2006 No. 165-III (entered into force on July 1, 2006) (see old edition)
Article 28. Regulation of the circulation of state securities
The National Bank of Kazakhstan carries out the regulation of the circulation of state securities of the Government of the Republic of Kazakhstan and local executive bodies in agreement with the central authorized body for budget execution.
Source: Information system "PARAGRAPH"
Chapter 6
MONETARY POLICY
Article 29 is amended by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); amended in accordance with the Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III (see old edition); by the Law of the Republic of Kazakhstan dated January 2, 2021 No. 399-VI (entered into force on January 1, 2021) (see old edition); by the Law of the Republic of Kazakhstan dated January 2, 2021 No. 399-VI (entered into force on January 1, 2021; from January 16, 2021) (see old edition); by the Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 29. Development and conduct of monetary policy
The National Bank of Kazakhstan is the sole body determining and conducting monetary policy. Monetary policy is carried out by the National Bank of Kazakhstan with the aim of ensuring price stability.
Monetary policy is carried out by establishing:
- the base rate of the National Bank of Kazakhstan;
- reward rates for main monetary policy operations;
- minimum reserve requirement ratios;
- in exceptional cases, direct quantitative restrictions on the level and volumes of certain types of operations.
The National Bank of Kazakhstan sets inflation targets for the medium term.
Amendments were made to Article 30 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; the article is amended by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); by the Law of the Republic of Kazakhstan dated July 2, 2018 No. 168-VI (see old edition)
Article 30. Types of monetary policy operations
For the purpose of implementing monetary policy, the National Bank of Kazakhstan carries out the following types of operations:
1) provision of permanent access loans;
2) acceptance of deposits;
3) foreign exchange interventions;
4) issuance of short-term notes of the National Bank of Kazakhstan;
5) purchase and sale of state and other securities, including with the right of repurchase;
6) excluded in accordance with the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition)
7) other operations by decision of the Board of the National Bank of Kazakhstan.
Article 31. Excluded in accordance with the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition)
Amendments were made to Article 32 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; the article is amended by the Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III (see old edition); amended in accordance with the Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition); by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition); the article is amended by the Law of the Republic of Kazakhstan dated July 3, 2019 No. 262-VI (entered into force on January 1, 2020) (see old edition); by the Law of the Republic of Kazakhstan dated January 16, 2026 No. 259-VIII (entered into force on March 19, 2026) (see old edition)
The action of parts two, four, and five was suspended from January 1, 2020 to December 16, 2020; during the suspension period, these parts were in effect in the edition of paragraph 2 of Article 2 of the Law of July 3, 2019 No. 262-VI
Article 32. Reserve Requirements
For the purpose of carrying out monetary policy, the National Bank of Kazakhstan establishes minimum reserve requirement ratios applied to:
- banks;
- branches of banks - non-residents of the Republic of Kazakhstan;
Paragraphs four and five of part one enter into force on July 1, 2026.
Source: Information system "PARAGRAPH"
The National Bank of Kazakhstan approves rules on minimum reserve requirements, which determine:
- the structure of liabilities accepted for the calculation of minimum reserve requirements;
- the procedure for calculating minimum reserve requirements, fulfilling minimum reserve requirements, reserving, and controlling the fulfillment of minimum reserve requirements;
Paragraph four of part two enters into force on July 1, 2026.
Changes to minimum reserve requirement ratios enter into force no earlier than one month from the date of adoption of such decision.
In case of violation of minimum reserve requirements, the persons specified in part one of this article bear responsibility established by the laws of the Republic of Kazakhstan.
Within ten calendar days from the date of appointment of the liquidation commission, the National Bank of Kazakhstan returns to the liquidation commission the funds reserved from the persons specified in part one of this article.
Article 33 is amended by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); amended in accordance with the Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 33. Purchase and sale of securities
The purchase and sale of state and other securities are carried out in the manner determined by the National Bank of Kazakhstan within the framework of general monetary policy.
See: standard form of the Adhesion Contract for the conclusion of transactions for the purchase (sale) of securities with reverse sale (purchase) as a result of the auction
Article 34 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition); amended in accordance with the Law of the Republic of Kazakhstan dated January 2, 2021 No. 399-VI (entered into force on January 1, 2021) (see old edition); by the Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 34. Base rate of the National Bank of Kazakhstan and reward rates for monetary policy operations
The base rate of the National Bank of Kazakhstan is the main instrument of monetary policy and a benchmark for establishing reward rates for monetary policy operations.
Reward rates for monetary policy operations are established by the National Bank of Kazakhstan for the purpose of influencing market reward rates in the financial market within the framework of the implemented monetary policy.
See: Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 24, 2017 No. 30 "On the Official Refinancing Rate", Letter of the Prime Minister of the Republic of Kazakhstan dated May 24, 2022 No. 20-09/2456 dz "Regarding the increase in the base rate"
Amendments were made to Article 35 in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated January 27, 1996 No. 2830; by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; the article is amended by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); by the Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition); by the Law of the Republic of Kazakhstan dated July 2, 2018 No. 168-VI (see old edition)
Article 35. Permanent Access Loans
The National Bank of Kazakhstan provides permanent access loans in accordance with the accepted monetary policy benchmarks exclusively against collateral of highly liquid, risk-free securities and other low-risk assets for a term of no more than thirty calendar days.
Article 36 is amended by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition)
Article 36. Foreign Exchange Interventions
Foreign exchange interventions of the National Bank of Kazakhstan are carried out independently by buying and selling foreign currency and conducting other types of foreign exchange transactions on the interbank or exchange market for the purpose of influencing the exchange rate of the Kazakhstani tenge.
Source: Information system "PARAGRAPH"
Foreign exchange interventions of the National Bank of Kazakhstan are conducted within the framework of general monetary policy.
See: Letter of the Chairman of the Agency of the Republic of Kazakhstan for Financial Monitoring dated February 21, 2022 No. AFM-07-1/2960 DZ "The Agency does not have the ability to analyze information on foreign exchange interventions, within the framework of which the sale and purchase of currency is carried out"
The Law is supplemented by Article 36-1 in accordance with the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II
Article 36-1. Deposits
The procedure, conditions for attracting and redeeming, terms and limits for attracting deposits are determined by the National Bank of Kazakhstan.
The National Bank of Kazakhstan has the right to attract deposits in both national and foreign currencies.
The Law is supplemented by Article 36-2 in accordance with the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II; amended in accordance with the Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition)
Article 36-2. Short-term Notes of the National Bank of Kazakhstan
Short-term notes of the National Bank of Kazakhstan are state issue securities issued by the National Bank of Kazakhstan, for the obligations of which the National Bank of Kazakhstan is responsible.
The procedure and conditions for the issuance, placement, circulation, and redemption of short-term notes are determined by the National Bank of Kazakhstan.
The National Bank of Kazakhstan, in accordance with the goals of monetary policy, has the right to issue short-term notes in both national and foreign currencies.
See: standard form of the Adhesion Contract for the conclusion of operations with short-term notes of the National Bank of the Republic of Kazakhstan, Rules for maintaining the registry of holders of short-term notes of the National Bank of the Republic of Kazakhstan, placed among individuals (approved by the decision of the Board of Directors of JSC "Central Securities Depository", protocol of absentee voting dated December 4, 2017 No. 33 (z))
Article 36-3. Excluded in accordance with the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition)
Amendments were made to Article 37 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1
Article 37. Quantitative restrictions on bank operations
By direct quantitative restrictions of the National Bank of Kazakhstan are understood maximum levels of rates for certain types of operations and transactions, direct restriction of lending, freezing of reward rates, direct regulation of specific types of credit for the purpose of stimulating or restraining the development of certain industries.
The National Bank of Kazakhstan has the right to apply direct quantitative restrictions in case of impossibility of stopping inflationary processes by indirect methods of monetary regulation.
Chapter 7
MONEY CIRCULATION AND CURRENCY UNIT
Article 38. Currency Unit
The currency unit (national currency) of the Republic of Kazakhstan is the Kazakhstani tenge. The Kazakhstani tenge consists of 100 tiyins.
Money of the Republic of Kazakhstan in circulation consists of banknotes and coins.
Source: Information system "PARAGRAPH"
The structure of denominations of banknotes and coins is determined by the National Bank of Kazakhstan.
Article 39 is amended by the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1
Article 39. Means of Payment
The legal means of payment in the Republic of Kazakhstan, except for cases provided for by legislative acts, normative legal acts of the National Bank of Kazakhstan, is the Kazakhstani tenge.
Amendments were made to Article 40 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; Article 40 is amended by the Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III (see old edition)
Article 40. Issuance of Banknotes and Coins
The issuance of banknotes and coins, organization of their circulation, and withdrawal from circulation on the territory of the Republic of Kazakhstan are carried out exclusively by the National Bank of Kazakhstan.
The issuance of banknotes and coins into circulation is carried out by the National Bank of Kazakhstan through their sale to individuals and legal entities.
Amendments were made to Article 41 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; by the Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition)
Article 41. Security of the Currency Unit
Banknotes and coins of the National Bank of Kazakhstan are unconditional obligations of the National Bank of Kazakhstan and are secured by all its assets.
The National Bank of Kazakhstan regularly publishes in the mass media a statement on the size of gold and foreign exchange reserves.
Amendments were made to Article 42 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; by the Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III (see old edition); by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition)
Article 42. Manufacture and Characteristics of Banknotes and Coins
The National Bank of Kazakhstan determines the need for the necessary quantity of banknotes and coins, ensures their manufacture, establishes the procedure for storage, destruction, and cashing of cash.
Coins are divided into the following types:
- investment coins - coins made of precious metals, which are objects of investment and accumulation;
- collector coins - anniversary, commemorative, and other special mint coins, produced in limited editions from both precious and non-precious metals, which are objects of collection and accumulation;
- circulation coins - coins made of non-precious metals and intended for cash money circulation.
Banknotes and coins of the national currency of the Republic of Kazakhstan are developed in accordance with the concept of design of banknotes and coins of the national currency - the Kazakhstani tenge. Images and descriptions of banknotes and coins are published in the mass media.
Amendments were made to Article 43 in accordance with the Law of the Republic of Kazakhstan dated July 16, 1999 No. 436-1 (see old edition); by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition); by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on December 16, 2020) (see old edition)
Article 43. Requirements for Acceptance of Banknotes and Coins
Banknotes and coins issued into circulation by the National Bank of Kazakhstan are mandatory for acceptance at their face value throughout the territory of the Republic of Kazakhstan for all types of payments, as well as for crediting to bank accounts and for transfer, without restriction on change and exchange by all banks, branches of banks - non-residents of the Republic of Kazakhstan, and the National Post Operator.
Source: Information system "PARAGRAPH"
No one, except the National Bank of Kazakhstan, may declare invalid the banknotes and coins issued by the National Bank of Kazakhstan.
The Law is supplemented by Article 43-1 in accordance with the Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III; the article is amended by the Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 43-1. Sale and Repurchase of Banknotes and Coins by the National Bank of Kazakhstan, including in special packaging
The sale and repurchase by the National Bank of Kazakhstan of banknotes and coins, including in special packaging, are carried out in the manner determined by the normative legal acts of the National Bank of Kazakhstan.
Article 44 is amended by the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672
Article 44. Right to Replace the Currency Unit
The right to replace the currency unit belongs to the President of the Republic of Kazakhstan. The President of the Republic of Kazakhstan determines the procedure, terms, and conditions for the functioning of the currency unit of the Republic of Kazakhstan.
Article 45 is amended by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition)
Article 45. Issuance into Circulation, Replacement, and Withdrawal from Circulation of Banknotes and Coins of the National Currency of the Republic of Kazakhstan
Decisions on the issuance into circulation, the procedure for replacement, and withdrawal from circulation of banknotes and coins of the national currency of the Republic of Kazakhstan are made by the National Bank of Kazakhstan and published in the mass media.
See: Resolution of the Board of the National Bank of the Republic of Kazakhstan dated December 19, 2015 No. 228 "On Approval of the Rules for Replacing Money of the National Currency of the Republic of Kazakhstan in Circulation upon Change of their Design (Form)", Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 2, 2019 No. 114 "On Establishing the Period of Parallel Circulation of Circulation Coins of the National Currency of the Republic of Kazakhstan"
Amendments were made to Article 46 in accordance with the Law of the Republic of Kazakhstan dated July 16, 1999 No. 436-1 (see old edition); the article is amended by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition); amended in accordance with the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on December 16, 2020) (see old edition); by the Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 46. Worn, Suspicious Banknotes and Defective (Damaged), Suspicious Coins
Worn banknotes retaining no less than seventy percent of the sizes of banknotes established by the National Bank of Kazakhstan, and defective (damaged) coins are exchanged without restriction by the National Bank of Kazakhstan, banks, branches of banks - non-residents of the Republic of Kazakhstan, and the National Post Operator in accordance with the normative legal act of the National Bank of Kazakhstan.
Suspicious banknotes retaining more than fifty percent, and suspicious coins are accepted by the National Bank of Kazakhstan, banks, branches of banks - non-residents of the Republic of Kazakhstan, and the National Post Operator in accordance with the normative legal act of the National Bank of Kazakhstan.
Suspicious banknotes and suspicious coins are exchanged by the National Bank of Kazakhstan after determining their paymentability in the manner provided for by the normative legal act of the National Bank of Kazakhstan.
The National Bank of Kazakhstan is not obliged to compensate for lost or destroyed banknotes and coins.
Amendments were made to Article 47 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; the article is amended by the Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on January 1, 2016) (see old edition)
Source: Information system "PARAGRAPH"
Article 47. Liability for manufacturing, storage, and sale of counterfeit banknotes and coins
Persons guilty of manufacturing or storing counterfeit banknotes and coins with the intent to sell them, selling counterfeit banknotes and coins, as well as carrying out unauthorized issuance of cash, shall bear liability established by the laws of the Republic of Kazakhstan.
Article 47-1. Repealed in accordance with Law RK dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after its first official publication) (see old version)
The Law is supplemented with Article 47-2 in accordance with Law RK dated January 16, 2026 No. 259-VIII (entered into force from March 19, 2026)
Article 47-2. Digital Tenge
The digital tenge is a digital form of the national currency of the Republic of Kazakhstan and a legal payment instrument.
Digital tenges of the National Bank of Kazakhstan are unconditional obligations of the National Bank of Kazakhstan and are secured by all its assets.
The issuance, organization of circulation, and redemption of digital tenges within the territory of the Republic of Kazakhstan are carried out exclusively by the National Bank of Kazakhstan.
The procedure for the circulation and use of digital tenges is determined by the National Bank of Kazakhstan.
The title of Chapter 8 is restated in the edition of Law RK dated July 16, 1999 No. 436-1 (see old version)
Chapter 8
ORGANIZATION OF PAYMENTS AND MONEY TRANSFERS
Article 48 is restated in the edition of Law RK dated July 16, 1999 No. 436-1 (see old version); amendments were made in accordance with Law RK dated March 29, 2000 No. 42-II (see old version); Law RK dated July 9, 2003 No. 482-II (see old version); restated in the edition of Law RK dated July 8, 2005 No. 69-III (see old version); amendments were made in accordance with Law RK dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after its first official publication) (see old version); Law RK dated November 24, 2015 No. 422-V (entered into force from January 1, 2016) (see old version); restated in the edition of Law RK dated July 26, 2016 No. 12-VI (entered into force from September 10, 2016) (see old version); amendments were made in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
Article 48. Powers of the National Bank of Kazakhstan in organizing and regulating payments and/or money transfers, payment systems, and the market for payment services
The powers of the National Bank of Kazakhstan in organizing and regulating payments and/or money transfers, payment systems, and the market for payment services, carrying out state control and supervision over the market for payment services, and oversight (oversight) of payment systems are determined in accordance with the Law of the Republic of Kazakhstan "On Payments and Payment Systems" and other laws of the Republic of Kazakhstan.
The Law is supplemented with Article 48-1 in accordance with Law RK dated July 10, 2003 No. 483-II
Article 48-1. Repealed in accordance with Law RK dated July 8, 2005 No. 69-III (see old version)
Amendments were made to Article 49 in accordance with Law RK dated July 11, 1997 No. 154-1; Law RK dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after its first official publication) (see old version)
Article 49. Accounts
The National Bank of Kazakhstan establishes the types, legal regime, and structure of bank accounts, as well as the procedure and conditions for opening, maintaining, and closing accounts.
Source: Information system "PARAGRAPH"
Article 50 is restated in the edition of Law RK dated July 16, 1999 No. 436-1 (see old version)
Article 50. Methods of making payments and money transfers
Methods of making payments and money transfers used within the territory of the Republic of Kazakhstan are established by legislative acts and normative legal acts adopted in accordance therewith of the Republic of Kazakhstan.
Article 51. Repealed in accordance with Law RK dated July 11, 1997 No. 154-1
The Law is supplemented with Chapter 8-1 in accordance with Law RK dated July 5, 2012 No. 30-V
Chapter 8-1. ASSISTANCE IN ENSURING THE STABILITY OF THE FINANCIAL SYSTEM
Amendments were made to Article 51-1 in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version); Law RK dated January 16, 2026 No. 259-VIII (entered into force from March 19, 2026) (see old version)
Article 51-1. Development and implementation of measures to ensure the stability of the financial system
The National Bank of Kazakhstan independently and/or jointly with other state bodies within their competence develops and implements measures aimed at ensuring the stability of the financial system.
The National Bank of Kazakhstan, the Government of the Republic of Kazakhstan, and the authorized body for regulation, control, and supervision of the financial market and financial organizations interact on issues of financial stability through:
informing each other about intended actions and achieved results of general state significance; joint assessment of risk factors for financial stability; development, adoption, and implementation of a set of coordinated decisions aimed at minimizing systemic risk, preventing the occurrence of a financial crisis, and minimizing its consequences; concluding an agreement on issues of financial stability. Interdepartmental coordination on ensuring financial stability is carried out by the Financial Stability Council of the Republic of Kazakhstan, which is a consultative-advisory body under the President of the Republic of Kazakhstan. The following issues related to the adoption of measures aimed at ensuring financial stability are subject to mandatory preliminary consideration by the Financial Stability Council of the Republic of Kazakhstan:
measures for the implementation of macroprudential policy aimed at reducing systemic risks of the financial system; a set of measures by the National Bank of Kazakhstan, the Government of the Republic of Kazakhstan, and the authorized body for regulation, control, and supervision of the financial market and financial organizations to prevent the occurrence of a financial crisis and minimize its consequences; measures for the resolution of an insolvent bank whose forced liquidation carries systemic risks for the financial system, including state participation in its resolution. The decision to create the Financial Stability Council of the Republic of Kazakhstan, its composition, and its regulations are approved by the President of the Republic of Kazakhstan. In order to assist in ensuring the stability of the financial system, the National Bank of Kazakhstan:
Source: Information system "PARAGRAPH"
1) conducts regular monitoring of macroeconomic and macrofinancial factors affecting the stability of the financial system;
Subparagraph 2 is restated in the edition of Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
2) forms macroprudential policy;
Subparagraph 3 is restated in the edition of Law RK dated July 2, 2018 No. 168-VI (entered into force from January 1, 2019) (see old version); Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
3) provides lender-of-last-resort loans in the manner and on terms provided for by this Law and the joint normative legal act of the National Bank of Kazakhstan and the authorized body for regulation, control, and supervision of the financial market and financial organizations;
Article is supplemented with subparagraph 4 in accordance with Law RK dated November 24, 2015 No. 422-V (entered into force from January 1, 2016, valid until December 31, 2016)
4) makes a one-time compensation payment, including through an organization specializing in improving the quality of credit portfolios of second-tier banks, for deposits (deposits) of individuals accepted in the national currency (tenge), in connection with the transition to a freely floating exchange rate regime, in the manner, on terms, and within deadlines established by the Board of the National Bank of Kazakhstan;
5), 6) repealed in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
Article is supplemented with subparagraph 7 in accordance with Law RK dated November 24, 2015 No. 422-V (entered into force from January 1, 2014); amendments were made in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
7) conducts operations with derivative financial instruments with second-tier banks in the manner, on terms, and within deadlines established by the Board of the National Bank of Kazakhstan;
8) repealed in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
Amendments were made to Article 51-2 in accordance with Law RK dated July 2, 2018 No. 168-VI (see old version); Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
Article 51-2. Macroprudential Policy
Macroprudential policy is understood as a set of measures aimed at reducing systemic risks of the financial system.
Systemic risks of the financial system are understood as risks of disruption in the provision of financial services, leading to deterioration of the financial condition of the entire financial system or its part and/or undermining its stable functioning.
Systemic risks of the financial system also include risks associated with systemically important financial organizations.
Systemically important financial organizations are understood as financial organizations whose stable functioning determines the stability of the financial system as a whole.
In order to form macroprudential policy, the National Bank of Kazakhstan:
1) regularly monitors systemic risks of the financial system;
Article is supplemented with subparagraph 1-1 in accordance with Law RK dated June 30, 2025 No. 205-VIII (entered into force from August 31, 2025)
1-1) establishes macroprudential standards and limits that serve as economic constraints to reduce systemic risks for second-tier banks and branches of banks - non-residents of the Republic of Kazakhstan; Subparagraph 2 is restated in the edition of Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
2) in agreement with the authorized body for regulation, control, and supervision of the financial market and financial organizations, determines the procedure for classifying financial organizations as systemically important;
Source: Information system "PARAGRAPH"
Part is supplemented with subparagraph 2-1 in accordance with Law RK dated November 24, 2015 No. 422-V (entered into force from January 1, 2016); amendments were made in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
2-1) forms a list of systemically important financial organizations; Subparagraph 3 is restated in the edition of Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
3) independently or jointly with other state bodies within their competence submits to the consideration of the Financial Stability Council of the Republic of Kazakhstan measures aimed at ensuring financial stability;
4) in the event of the emergence or threat of emergence of a systemic financial crisis, independently or jointly with the Government of the Republic of Kazakhstan imposes restrictions on the conduct of certain types of banking and other operations by financial organizations.
Chapter 8 is supplemented with Article 51-3 in accordance with Law RK dated July 2, 2018 No. 168-VI (entered into force from January 1, 2019)
Article 51-3. Lender-of-last-resort loans
- Lender-of-last-resort loans are understood as loans provided by the National Bank of Kazakhstan to banks experiencing a short-term liquidity deficit.
The National Bank of Kazakhstan acts as the lender of last resort only under the following conditions:
1) the borrower is a bank - resident of the Republic of Kazakhstan, not classified as a bank with an unstable financial position posing a threat to the interests of its depositors and creditors and/or the stability of the financial system, or a category of insolvent banks;
Point is supplemented with subparagraph 1-1 in accordance with Law RK dated January 16, 2026 No. 259-VIII (entered into force from March 19, 2026) 1-1) the bank applying for a lender-of-last-resort loan, based on information from the authorized body for regulation, control, and supervision of the financial market and financial organizations, has no facts of issuing loans to persons related to the bank by special relations, including on preferential terms, in violation of Article 50 of the Law of the Republic of Kazakhstan "On Banks and Banking Activity in the Republic of Kazakhstan";
2) the loan is provided under pledge of assets, the list of which and the discounts applied to them are determined by the National Bank of Kazakhstan.
The value of assets pledged, taking into account the discount, must fully cover the amount of the loan including remuneration for it;
3) the loan is provided in the national currency;
Subparagraph 4 is amended in accordance with Law RK dated January 2, 2021 No. 399-VI (entered into force from January 1, 2021) (see old version)
4) the remuneration rate for the loan is set at a level not lower than the base rate of the National Bank of Kazakhstan, taking into account additional interest remuneration established by the National Bank of Kazakhstan;
5) the loan is provided for a term from fourteen to ninety calendar days with the possibility of extension no more than three times. The total term of using the loan, including all extensions, cannot exceed one year. Extension of the lender-of-last-resort loan is carried out on the terms specified in this article.
Article is supplemented with point 1-1 in accordance with Law RK dated January 16, 2026 No. 259-VIII (entered into force from March 19, 2026)
1-1. Until the fulfillment of the bank's obligations under the lender-of-last-resort loan, the bank is not entitled to:
1) make investments, issue loans to persons related to the bank by special relations;
2) accrue and pay dividends to shareholders of the bank;
3) accrue remuneration and bonuses to senior management of the bank.
Point 2 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
Source: Information system "PARAGRAPH"
2. The National Bank of Kazakhstan has the right to provide lender-of-last-resort loans to systemically important infrastructure financial organizations.
Point 3 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
3. In case of non-performance (improper performance) by a bank of its obligations under a lender-of-last-resort loan, satisfaction of the claims of the National Bank of Kazakhstan is carried out out of court by the National Bank of Kazakhstan converting the pledged assets into its own property and/or their realization by the bank in order to satisfy the claims of the National Bank of Kazakhstan to a third party determined by the National Bank of Kazakhstan in agreement with the authorized body for regulation, control, and supervision of the financial market and financial organizations.
Assignment of rights (claims) to assets serving as security for a lender-of-last-resort loan agreement does not require:
1) consent of shareholders, debtors of the bank, and other interested parties (including pledgors, guarantors, sureties). At the same time, the identity of the new creditor is recognized as not being of essential significance to the debtor;
2) amendments to contracts concluded by the bank with debtors of the bank, as well as other persons (including pledgors, guarantors, sureties), regarding the indication of the new party to the contract.
Point 4 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
4. The procedure, terms for providing and repaying lender-of-last-resort loans, as well as the enforcement against assets serving as security for a lender-of-last-resort loan agreement, are determined by the National Bank of Kazakhstan jointly with the authorized body for regulation, control, and supervision of the financial market and financial organizations.
See: Resolution of the Board of Directors of the National Bank of the Republic of Kazakhstan dated July 9, 2019 No. 53 "On Approval of the Principles of the Mechanism for Providing Lender-of-last-resort Loans by the National Bank of the Republic of Kazakhstan"
The Law is supplemented with Chapter 8-2 in accordance with Law RK dated July 2, 2018 No. 168-VI
Chapter 8-2
SPECIAL REGULATORY REGIME
Article 51-4. Objectives of introduction and general conditions for carrying out activities within the framework of the special regulatory regime
Point 1 is restated in the edition of Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version); amendments were made in accordance with Law RK dated June 30, 2025 No. 205-VIII (entered into force from August 31, 2025) (see old version)
- The special regulatory regime of the National Bank of Kazakhstan represents a set of special conditions for carrying out activities related to digital assets and/or payment services.
- The special regulatory regime is aimed at achieving the following objectives:
Subparagraph 1 is restated in the edition of Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
1) increasing competition in the market for payment services;
2) introducing new services and developing the financial market to increase the degree of satisfaction and alignment with the interests of consumers, business entities, and the state;
Subparagraph 3 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version)
3) forming optimal regulation, control, and supervision of the market for payment services, ensuring the protection of consumer interests.
Source: Information system "PARAGRAPH"
3. The principles of the special regulatory regime are:
1) ensuring equality of conditions for participation within the special regulatory regime;
2) compliance by participants in the special regulatory regime with the rights and interests of consumers.
Point 4 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version); Law RK dated June 30, 2025 No. 205-VIII (entered into force from August 31, 2025) (see old version)
4. The special regulatory regime is introduced by a decision of the Board of the National Bank of Kazakhstan, which specifies the types of payment services and/or activities related to digital assets and/or payment services, special conditions for their provision (carrying out) within the special regulatory regime, and the procedure and conditions for applying the requirements of the legislation of the Republic of Kazakhstan to participants in the special regulatory regime.
The introduction of the special regulatory regime regarding activities related to digital assets and/or payment services by payment service providers specified in subparagraphs 2) and 3) of point 1 of Article 10 of the Law of the Republic of Kazakhstan "On Payments and Payment Systems" is carried out by a decision of the Board of the National Bank of Kazakhstan in agreement with the authorized body for regulation, control, and supervision of the financial market and financial organizations. The general term of the special regulatory regime introduced by the National Bank of Kazakhstan does not exceed five years.
5. The special regulatory regime ceases to operate after the expiration of the term for which it was introduced.
6. The procedure for introducing and canceling the special regulatory regime, and carrying out activities within the framework of the special regulatory regime, is approved by a normative legal act of the National Bank of Kazakhstan.
Article 51-5. Carrying out activities within the framework of the special regulatory regime
Point 1 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version); restated in the edition of Law RK dated June 30, 2025 No. 205-VIII (entered into force from August 31, 2025) (see old version)
- Participants in the special regulatory regime may be payment service providers specified in subparagraphs 2), 3), and 5) of point 1 of Article 10 of the Law of the Republic of Kazakhstan "On Payments and Payment Systems", and/or other legal entities that are not financial organizations, for the purpose of carrying out activities related to digital assets and/or payment services (hereinafter referred to as participants in the special regulatory regime).
Point 2 is amended in accordance with Law RK dated July 3, 2019 No. 262-VI (entered into force from January 1, 2020) (see old version) - Activities of a participant in the special regulatory regime are carried out in accordance with a contract for carrying out activities within the framework of the special regulatory regime, concluded with the National Bank of Kazakhstan.
The standard contract for carrying out activities within the framework of the special regulatory regime is approved by the National Bank of Kazakhstan.
The standard contract for carrying out activities within the framework of the special regulatory regime must contain a condition according to which the participant in the special regulatory regime is obliged to notify consumers of services about the fact of carrying out activities within the framework of the special regulatory regime. - Criteria for selection and the procedure for reviewing documents for concluding a contract for carrying out activities within the framework of the special regulatory regime are approved by a normative legal act of the National Bank of Kazakhstan.
- The National Bank of Kazakhstan refuses to conclude a contract for carrying out activities within the framework of the special regulatory regime with a participant in the special regulatory regime in cases of non-compliance of the declared type of activity with the objectives of introducing the special regulatory regime, criteria for selecting participants in the special regulatory regime, and/or
Source: Information system "PARAGRAPH" documents requirements established by the regulatory legal act of the National Bank of Kazakhstan.
5. The action of the agreement on carrying out activities within the framework of a special regulatory regime terminates:
1) upon termination of the special regulatory regime due to the expiration of the term for which it was introduced, or its cancellation;
2) upon expiration of the term or early termination of the agreement on carrying out activities within the framework of a special regulatory regime;
3) in other cases provided for by the civil legislation of the Republic of Kazakhstan or the agreement on carrying out activities within the framework of a special regulatory regime.
Paragraph 6 has been amended in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version).
6. The National Bank of Kazakhstan has the right to unilaterally terminate the agreement on carrying out activities within the framework of a special regulatory regime in the event of the participant's failure to perform the obligations provided for in the agreement, as well as in the event that the participant of the special regulatory regime ceases to meet the conditions established by the regulatory legal act of the National Bank of Kazakhstan.
The National Bank of Kazakhstan notifies the participant of the special regulatory regime of the failure to perform the obligations defined by the agreement on carrying out activities within the framework of a special regulatory regime, and the need to eliminate violations within a period of no more than sixty working days from the date of notification. The participant of the special regulatory regime, within a period of no more than five working days from the date of receipt of the notification from the National Bank of Kazakhstan, develops and submits to the National Bank of Kazakhstan a plan of measures to eliminate the identified violations and (or) causes, as well as conditions that contributed to their commission. The plan of measures indicates the list of planned measures, the terms of their implementation, as well as responsible officials. In case of approval by the National Bank of Kazakhstan of the plan of measures, the participant of the special regulatory regime proceeds to its implementation and submits to the National Bank of Kazakhstan a report on the implementation of measures within the terms established by the National Bank of Kazakhstan. In case of disagreement of the National Bank of Kazakhstan with the plan of measures, the participant of the special regulatory regime eliminates the remarks of the National Bank of Kazakhstan. In case of non-approval of the plan of measures and (or) failure to take measures to eliminate the remarks of the National Bank of Kazakhstan by the participant of the special regulatory regime, the National Bank of Kazakhstan notifies the participant of the special regulatory regime of the termination of the agreement on carrying out activities within the framework of a special regulatory regime in a unilateral order. Paragraph 7 is presented in the edition of the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version).
7. After the termination of the agreement on carrying out activities within the framework of a special regulatory regime, the person who was previously a participant of the special regulatory regime is obliged to immediately cease activities carried out within the framework of a special regulatory regime, regarding which a permitting procedure is in effect in accordance with the laws of the Republic of Kazakhstan, as well as to fulfill obligations to its clients in the order and terms established by the regulatory legal acts of the National Bank of Kazakhstan.
Paragraph 8 has been amended in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version).
8. Carrying out activities, regarding which a permitting procedure is in effect in accordance with the laws of the Republic of Kazakhstan, after the termination of the agreement on carrying out activities within the framework of a special regulatory regime is illegal and entails liability established by the laws of the Republic of Kazakhstan.
Source: Information system "PARAGRAPH"
Chapter 9
OPERATIONS OF THE NATIONAL BANK OF KAZAKHSTAN
Article 52 is presented in the edition of the Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1 (see old version); amended in accordance with the Law of the Republic of Kazakhstan dated 02.07.18 No. 168-VI (see old version); Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on December 16, 2020) (see old version).
Article 52. Owners of bank accounts in the National Bank of Kazakhstan
Owners of bank accounts in the National Bank of Kazakhstan are considered legal entities that have opened accounts in it in the order established by the National Bank of Kazakhstan, and banks, branches of banks-non-residents of the Republic of Kazakhstan.
The Law is supplemented with Article 52-1 in accordance with the Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1; amended by the Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version); Law of the Republic of Kazakhstan dated 05.07.06 No. 165-III (entered into force on July 1, 2006) (see old version).
Article 52-1. Operations and transactions of the National Bank of Kazakhstan in the national currency
The National Bank of Kazakhstan conducts the following operations in the national currency:
Subparagraph 1 is presented in the edition of the Law of the Republic of Kazakhstan dated 02.07.18 No. 168-VI (entered into force on January 1, 2019) (see old version).
1) provides loans to organizations having the right to receive such loans, in the order provided for by the legal acts of the National Bank of Kazakhstan;
2) excluded in accordance with the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on January 1, 2016) (see old version).
3) buys and sells government securities;
4) buys and sells deposit certificates, debt securities that the National Bank of Kazakhstan considers suitable for securing loans;
5) accepts deposits, carries out payments and money transfers, accepts for storage and management of securities and other valuables;
Subparagraph 6 has been amended in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version).
6) carries out operations with derivative financial instruments in the order determined by the National Bank of Kazakhstan;
Subparagraph 7 has been amended in accordance with the Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on December 16, 2020) (see old version).
7) if necessary, opens accounts in banks and financial organizations, branches of banks-non-residents of the Republic of Kazakhstan on the territory of the Republic of Kazakhstan and beyond its borders;
Article is supplemented with subparagraph 7-1 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020).
7-1) places deposits in second-tier banks, including through its subsidiary organizations, for refinancing of mortgage housing loans and mortgage loans of physical persons in the order determined by the Board of the National Bank of Kazakhstan;
8) issues checks and issues bills of exchange;
9) carries out other banking operations, as well as transactions in its own name in accordance with its tasks, if this is not directly prohibited by this Law.
Article 53. Excluded in accordance with the Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version).
Article 54 has been amended in accordance with the Decrees of the President of the Republic of Kazakhstan, having the force of law, dated 05.12.95 No. 2672; dated 27.01.96 No. 2830; Laws of the Republic of Kazakhstan dated 11.07.97 No. 154-1; dated 16.07.99 No. 436-1 (see old version); dated 02.07.18 No. 168-VI (see old version); Law of the Republic of Kazakhstan dated 16.01.26 No. 259-VIII (entered into force on March 19, 2026) (see old version).
Article 54. Restrictions on operations of the National Bank of Kazakhstan
The National Bank of Kazakhstan has no right:
- to service organizations, as well as to acquire shares of legal entities, except for cases provided for by this Law;
- to engage in trade and other activities, except for those permitted by current legislation;
- to provide loans without collateral, as well as loans for a term of more than one year, except for cases of use of money by the National Bank of Kazakhstan to ensure the completion of settlements on payments and money transfers in payment systems, the operator of which is the National Bank of Kazakhstan or its subsidiary organization;
- to prolong provided loans or allow renewal of bills with expiring terms, except for cases directly provided for by the laws of the Republic of Kazakhstan.
Changes have been made to the title of Chapter 10 in accordance with the Law of the Republic of Kazakhstan dated 11.07.97 No. 154-1.
Chapter 10
ACTIVITY OF THE NATIONAL BANK OF KAZAKHSTAN
IN THE SPHERE OF FOREIGN ECONOMIC RELATIONS.
OPERATIONS WITH SECURITIES
Article 55. Excluded in accordance with the Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version).
Article 56 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan, having the force of law, dated 02.08.95 No. 2396; Laws of the Republic of Kazakhstan dated 03.07.96 No. 18-1; dated 11.07.97 No. 154-1; dated 16.07.99 No. 436-1 (see old version); dated 02.03.01 No. 162-II (see old version); dated 10.07.03 No. 483-II (see old version); dated 08.07.05 No. 69-III (see old version); dated 05.07.06 No. 165-III (entered into force on July 1, 2006) (see old version); dated 12.01.07 No. 222-III (see terms of entry into force) (see old version); presented in the edition of the Law of the Republic of Kazakhstan dated 04.07.09 No. 167-IV (entered into force after the expiration of thirty calendar days after its first official publication) (see old version); amended in accordance with the Law of the Republic of Kazakhstan dated 05.07.11 No. 452-IV (entered into force after the expiration of three months after its first official publication) (see old version); Law of the Republic of Kazakhstan dated 06.01.12 No. 530-IV (see old version); Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version); Law of the Republic of Kazakhstan dated 16.05.14 No. 203-V (see old version); presented in the edition of the Law of the Republic of Kazakhstan dated 02.07.18 No. 168-VI (entered into force on July 1, 2019) (see old version).
Article 56. Functions of the National Bank of Kazakhstan in the field of currency regulation and currency control
The National Bank of Kazakhstan as a body of currency regulation and currency control:
1) determines the order of circulation of currency values in the Republic of Kazakhstan;
2) determines the order of carrying out currency operations in the Republic of Kazakhstan, including the order of purchase and sale of foreign currency in the domestic currency market of the Republic of Kazakhstan;
Subparagraph 3 has been amended in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version).
3) establishes qualification requirements for activities to carry out exchange operations with cash foreign currency exclusively through exchange points;
Subparagraph 4 has been amended in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version).
4) determines the order of licensing of legal entities carrying out activities exclusively through exchange points, and issues licenses and (or) attachments to the license for exchange operations with cash foreign currency to such legal entities;
Subparagraph 5 has been amended in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version).
5) determines the order of carrying out exchange operations with cash foreign currency, including the order of opening exchange points and establishing limits of deviation of purchase rates from sales rates of cash foreign currency for national currency;
Subparagraph 6 is presented in the edition of the Law of the Republic of Kazakhstan dated 16.01.26 No. 259-VIII (entered into force on March 19, 2026) (see old version).
6) determines the order of monitoring of currency operations and provision of information on currency operations and accounts of residents of the Republic of Kazakhstan in foreign banks, international financial organizations, including the order of assigning accounting numbers to currency contracts on capital movement, provision of information on carried out currency operations and accounts of residents of the Republic of Kazakhstan in foreign banks, international financial organizations and provision of information for the purposes of monitoring currency operations;
Subparagraph 7 is presented in the edition of the Law of the Republic of Kazakhstan dated 12.07.23 No. 23-VIII (entered into force on January 1, 2024) (see old version).
7) jointly with the authorized body carrying out management in the sphere of ensuring receipt of taxes and other mandatory payments to the budget, determines the order of carrying out export-import currency control for the purpose of ensuring the fulfillment by residents of the Republic of Kazakhstan of the requirement of repatriation;
Article is supplemented with subparagraphs 7-1 and 7-2 in accordance with the Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025).
7-1) determines the order of provision by authorized banks of information on sources of demand and supply in the domestic currency market of the Republic of Kazakhstan and purposes of use of acquired foreign currency, including forms and terms of submission of reports; 7-2) determines the order of provision by branches (representatives) of foreign non-financial organizations carrying out activities in the Republic of Kazakhstan of information, including forms and terms of submission of reports, as well as types of activities, in the course of which branches (representatives) of foreign non-financial organizations are required to submit reports; Subparagraph 8 has been amended in accordance with the Law of the Republic of Kazakhstan dated 06.04.24 No. 71-VIII (entered into force on June 8, 2024) (see old version).
8) issues special permits for carrying out currency operations within the framework of measures to protect the balance of payments;
9) determines, in agreement with state bodies in accordance with their competence, the order and forms of accounting and reporting on currency operations, mandatory for execution by residents of the Republic of Kazakhstan and non-residents of the Republic of Kazakhstan in the Republic of Kazakhstan, as well as the order and terms of submission of reporting by currency control agents;
Subparagraph 10 is presented in the edition of the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI (entered into force on January 1, 2020) (see old version); Law of the Republic of Kazakhstan dated 24.11.15 No. 422-V (entered into force on December 16, 2020) (see old version).
10) in cases of establishment of facts of violation by authorized banks, branches of banks-non-residents of the Republic of Kazakhstan and other persons of the currency legislation of the Republic of Kazakhstan, applies restricted measures of influence, supervisory response measures and sanctions in accordance with the currency legislation of the Republic of Kazakhstan;
Article is supplemented with subparagraph 11 in accordance with the Law of the Republic of Kazakhstan dated 16.01.26 No. 259-VIII (entered into force on March 19, 2026).
11) requests information, documents and (or) information on the implementation by authorized banks of internal control of currency operations for the purpose of counteracting legalization (money laundering) of income received criminally, financing of terrorism and financing of proliferation of weapons of mass destruction.
The National Bank of Kazakhstan has the right to perform other functions in the field of currency regulation and currency control in accordance with this Law, other laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan.
Source: Information system "PARAGRAPH"
Article 57 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan, having the force of law, dated 05.12.95 No. 2672; amended by Laws of the Republic of Kazakhstan dated 11.07.97 No. 154-1; dated 16.07.99 No. 436-1 (see old version); dated 02.03.01 No. 162-II (see old version); Law of the Republic of Kazakhstan dated 05.07.06 No. 165-III (entered into force on July 1, 2006) (see old version); presented in the edition of the Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version); amended in accordance with the Law of the Republic of Kazakhstan dated 21.06.13 No. 106-V (see old version); Law of the Republic of Kazakhstan dated 30.06.25 No. 205-VIII (entered into force on August 31, 2025) (see old version).
Article 57. Operations with assets in foreign currency and precious metals
The National Bank of Kazakhstan conducts the following operations with assets in foreign currency and precious metals:
buys and sells foreign currency; carries out operations with securities issued and guaranteed by the Government of the Republic of Kazakhstan in foreign currency, governments of foreign states or international financial organizations; opens accounts in banks of the Republic of Kazakhstan, foreign central banks, foreign banks and other financial institutes having the corresponding right according to the legislation of the states in which they are registered, as well as in international financial organizations; opens and maintains accounts, acts as a representative or correspondent for a foreign central bank, foreign banks and other financial institutes having the corresponding right according to the legislation of the states in which they are registered, foreign governments and their agents, as well as international financial organizations; carries out acceptance and storage of refined gold, other precious metals; carries out operations on purchase, sale, placement for storage and deposit of refined gold and other precious metals in the domestic and external markets, including on purchase of refined gold within the framework of implementation of the priority right of the state; See Rules for transfer of scrap and waste of precious metals, turned into state property on certain grounds, into bars of refined gold and their receipt after refining in the order established by the legislation of the Republic of Kazakhstan, imports into the Republic of Kazakhstan assets in foreign currency and precious metals, as well as exports them abroad for placement in its accounts in foreign banks and specialized financial organizations; carries out operations with securities, the requirements for which are determined by the Board of the National Bank of Kazakhstan; carries out operations with money market instruments with counterparties having a credit rating, the minimum level of which is determined by the Board of the National Bank of Kazakhstan; carries out operations with derivative financial instruments in accordance with the order determined by the National Bank of Kazakhstan; opens and maintains metal accounts for clients; carries out other operations by decision of the Board of the National Bank of Kazakhstan. The National Bank of Kazakhstan carries out any types of currency operations without restrictions. For the purpose of achieving the goal and performing the tasks provided for by this Law, the National Bank of Kazakhstan carries out activity on management of assets in foreign currency and precious metals, ensuring their safety, liquidity and profitability in the long term with due regard to the risk of investment of assets and in accordance with the main principles of their management.
Article 58 has been amended in accordance with the Decree of the President of the Republic of Kazakhstan, having the force of law, dated 05.12.95 No. 2672; amended by Law of the Republic of Kazakhstan dated 11.07.97 No. 154-1; Law of the Republic of Kazakhstan dated 16.07.99 No. 436-1 (see old version); Law of the Republic of Kazakhstan dated 10.07.03 No. 483-II (see old version); presented in the edition of the Law of the Republic of Kazakhstan dated 05.07.12 No. 30-V (see old version); amended in accordance with the Law of the Republic of Kazakhstan dated 21.06.13 No. 106-V (see old version).
Article 58. Gold and foreign exchange reserves of the National Bank of Kazakhstan
Gold and foreign exchange reserves of the National Bank of Kazakhstan (hereinafter - gold and foreign exchange reserves) are formed for the purposes of ensuring the internal and external stability of the Kazakhstani tenge from assets of the National Bank of Kazakhstan possessing high liquidity in international capital markets, and include:
refined gold in bars and gold in metal accounts; reserve position in the International Monetary Fund and assets in special drawing rights of the International Monetary Fund; assets in freely convertible foreign currency, including cash, deposits placed in foreign banks, and securities, the issuers of which are foreign governments or international financial organizations; other external assets, denominated in freely convertible foreign currencies, possessing liquidity and the possibility of use without restrictive conditions. The National Bank of Kazakhstan ensures maintenance of gold and foreign exchange reserves at a level necessary for ensuring the stability and convertibility of the national currency, carrying out payments on obligations of the Republic of Kazakhstan. The use of gold and foreign exchange reserves in the form of issuing credits (loans, loans) and providing guarantees or other obligations to residents and non-residents of the Republic of Kazakhstan is not allowed, except for cases provided for by the decision of the Board of the National Bank of Kazakhstan. Increase and change of the structure of gold and foreign exchange reserves are carried out by the National Bank of Kazakhstan by means of:
purchase of refined gold for Kazakhstani tenge and foreign currency; purchase of assets in freely convertible foreign currency for Kazakhstani tenge (including commemorative and souvenir coins) and foreign currency from residents and non-residents of the Republic of Kazakhstan, as well as from the Government of the Republic of Kazakhstan; incomes in freely convertible foreign currency of commissions and other remuneration from deposit, deposit, dealing operations with foreign currency and operations with securities, denominated in foreign currency, as well as from credits provided by it in foreign currency; incomes in gold and freely convertible foreign currency from carrying out by the National Bank of Kazakhstan sales, deposit and other operations with gold, including incomes from operations with securities of the National Bank of Kazakhstan, denominated in refined gold; incomes in freely convertible foreign currency from the issue by the National Bank of Kazakhstan of emission securities in foreign currency; transfers of assets in foreign currency and precious metals into gold and foreign exchange reserves in accordance with the main principles of management of assets in foreign currency and precious metals; incomes from credits obtained by the National Bank of Kazakhstan from international financial organizations, central banks of foreign states and other creditors; incomes in freely convertible foreign currency from services provided by the National Bank of Kazakhstan, in accordance with this Law and the Regulation on the National Bank of Kazakhstan. Decrease and change of the structure of gold and foreign exchange reserves are carried out by the National Bank of Kazakhstan by means of:
Source: Information system "PARAGRAPH"
Source: Information system "PARAGRAPH" sale of freely convertible currency for the purpose of conducting monetary policy, including exchange rate policy, and smoothing the imbalance of demand and supply for foreign currency in the domestic currency market; repayment and servicing of the external debt of the Republic of Kazakhstan, fulfillment of obligations of the Government of the Republic of Kazakhstan and the National Bank of Kazakhstan, international obligations of the Republic of Kazakhstan, including international obligations of the National Bank of Kazakhstan, at the expense of the budget and the budget (expense estimate) of the National Bank of Kazakhstan; payment for the import of products (works, services), maintenance of diplomatic and other representations abroad, payment of travel and representation expenses; sale of assets in freely convertible foreign currency for the acquisition of another foreign currency; repayment of the National Bank of Kazakhstan's issued securities; return of the principal amount and remuneration on loans obtained by the National Bank of Kazakhstan, as well as payment of commissions and other related expenses; transfer of gold and foreign exchange reserves into other assets in foreign currency and precious metals in accordance with the main principles of managing assets in foreign currency and precious metals; realization of refined gold for Kazakhstani tenge and foreign currency; payment of expenses related to the management and storage of assets in foreign currency and precious metals; write-off of unprofitable gold and foreign exchange reserves. An increase or decrease in gold and foreign exchange reserves also occurs as a result of changes in the market value of assets included in the gold and foreign exchange reserves, and operations of resident owners of bank accounts in freely convertible currency opened in the National Bank of Kazakhstan. See Investment Strategy for the Management of Gold and Foreign Exchange Assets of the National Bank of the Republic of Kazakhstan
Article 59. Repealed in accordance with the Law of the Republic of Kazakhstan dated January 14, 2016 No. 445-V (see old edition)
Article 60. Repealed in accordance with the Law of the Republic of Kazakhstan dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after the first official publication) (see old edition)
Chapter 11. Repealed in accordance with the Law of the Republic of Kazakhstan dated July 3, 2019 No. 262-VI (entered into force on January 1, 2020) (see old edition)
Chapter 12
REPORTING OF THE NATIONAL BANK OF KAZAKHSTAN
Article 65. Financial Year
The financial year of the National Bank of Kazakhstan begins on January 1 and ends on December 31 according to the calendar count.
Article 66 is amended in the edition of the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672; amendments introduced in accordance with the Law of the Republic of Kazakhstan dated July 16, 1999 No. 436-1 (see old edition); Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); Law of the Republic of Kazakhstan dated July 5, 2006 No. 165-III (entered into force on July 1, 2006) (see old edition); Law of the Republic of Kazakhstan dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after the first official publication) (see old edition); Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition)
Article 66. Reporting
The National Bank of Kazakhstan annually submits an annual report for approval to the President of the Republic of Kazakhstan.
Source: Information system "PARAGRAPH"
The President of the Republic of Kazakhstan considers the annual report of the National Bank of Kazakhstan and makes a decision on its approval.
Amendments were introduced into Article 67 in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672; Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; Law of the Republic of Kazakhstan dated July 16, 1999 No. 436-1 (see old edition); Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III (see old edition)
Article 67. Annual Report
The annual report of the National Bank of Kazakhstan includes:
- a report on monetary policy and the state of the financial market;
- a report on the activities of the National Bank of Kazakhstan for the past year;
- the annual consolidated financial statements of the National Bank of Kazakhstan.
Amendments were introduced into Article 68 in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672; Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); Law of the Republic of Kazakhstan dated July 8, 2005 No. 69-III (see old edition); Law of the Republic of Kazakhstan dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after the first official publication) (see old edition)
Article 68. Audit of the Activities of the National Bank of Kazakhstan
By decision of the Board of the National Bank of Kazakhstan, the audit of the financial statements of the National Bank of Kazakhstan is conducted annually by an auditing organization having experience in auditing the central bank of a state - member of the Organization for Economic Cooperation and Development (OECD) or countries of the Commonwealth of Independent States (CIS). Any information obtained during the audit is considered confidential, and the auditing organization is responsible for its transmission to third parties. The audit of the activities of the National Bank of Kazakhstan and its organizations by any state bodies is carried out only with the consent or by order of the President of the Republic of Kazakhstan.
Chapter 13
FINAL PROVISIONS
Amendments were introduced into Article 69 in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672
Article 69. Liquidation of the National Bank of Kazakhstan
The National Bank of Kazakhstan may be liquidated by adopting a corresponding Law of the Republic of Kazakhstan. In the event of liquidation of the National Bank of Kazakhstan, its property is transferred to the successor indicated in the corresponding Law.
The Law was supplemented with Article 69-1 in accordance with the Law of the Republic of Kazakhstan dated July 12, 2022 No. 138-VII (entered into force on September 12, 2022)
Article 69-1. General Financial Agreement with the Participation of the National Bank of Kazakhstan
The parties to the general financial agreement with the participation of the National Bank of Kazakhstan carry out (apply) set-off of claims and/or liquidation netting on the transaction(s) within the framework of the general financial agreement in the manner and on the conditions defined in the general financial agreement. Amendments were introduced into Article 70 by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); Law of the Republic of Kazakhstan dated July 11, 2009 No. 185-IV (entered into force after the expiration of thirty calendar days after the first official publication) (see old edition); amended in the edition of the Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition); amendments introduced in accordance with the Law of the Republic of Kazakhstan dated July 3, 2019 No. 262-VI (entered into force on January 1, 2020) (see old edition); Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on December 16, 2020) (see old edition); Law of the Republic of Kazakhstan dated June 30, 2025 No. 205-VIII (entered into force on August 31, 2025) (see old edition)
Article 70. Powers on Information Interaction
Source: Information system "PARAGRAPH"
In order to ensure the quality and timeliness of the performance of the functions assigned to the National Bank of Kazakhstan, the implementation of the requirements of this Law and other laws of the Republic of Kazakhstan, the National Bank of Kazakhstan has the right to obtain free of charge from any natural and legal persons, branches of non-resident banks of the Republic of Kazakhstan, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan, as well as state bodies, the necessary information, including information constituting official, commercial, banking and other secrets protected by law. At the same time, the obtained information is not subject to disclosure. The National Bank of Kazakhstan provides the authorized body for regulation, control and supervision of the financial market and financial organizations with administrative data necessary for the implementation of its powers for regulation, control and supervision of the financial market and financial organizations, including information and information constituting official, commercial, banking and other secrets protected by law. The transfer of information is carried out, including by ensuring access of the authorized body for regulation, control and supervision of the financial market and financial organizations to the information systems of the National Bank of Kazakhstan. The National Bank of Kazakhstan, in order to ensure the completeness and quality of information on the financial market and financial organizations used for providing services to state bodies and financial organizations, carries out information exchange with its subsidiary organizations using their own information systems. State bodies, financial and other organizations, their associations (unions), as well as natural persons, branches of non-resident banks of the Republic of Kazakhstan, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan are obliged to provide, upon request of the National Bank of Kazakhstan, documents, reporting, including financial, and, if necessary, other additional information necessary for the National Bank of Kazakhstan to perform its functions.
Chapter 13 was supplemented with Article 70-1 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1. The Article is amended in the edition of the Law of the Republic of Kazakhstan dated May 3, 2001 No. 182-II (see old edition); amendments introduced by the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition); Law of the Republic of Kazakhstan dated July 5, 2006 No. 165-III (entered into force on July 1, 2006) (see old edition); Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition); Law of the Republic of Kazakhstan dated June 21, 2013 No. 106-V (see old edition); Law of the Republic of Kazakhstan dated November 24, 2015 No. 422-V (entered into force on December 16, 2020) (see old edition)
Article 70-1. Remuneration for Services Provided by the National Bank of Kazakhstan
The National Bank of Kazakhstan has the right to carry out banking operations and other services on a paid basis. The types and sizes of fees for the services provided by it are determined by the National Bank of Kazakhstan independently.
The National Bank of Kazakhstan does not charge for banking and other services provided to the Government of the Republic of Kazakhstan and the central authorized body for the execution of the budget, except for services for the management of the National Fund of the Republic of Kazakhstan, other funds and organizations. The National Bank of Kazakhstan provides state services to natural and legal persons, branches of non-resident banks of the Republic of Kazakhstan, branches of non-resident insurance (reinsurance) organizations of the Republic of Kazakhstan, branches of non-resident insurance brokers of the Republic of Kazakhstan on a paid basis in cases provided for by normative legal acts of the Republic of Kazakhstan. The sizes of fees for the state services provided by it are determined by the tax legislation of the Republic of Kazakhstan.
Source: Information system "PARAGRAPH"
Article 71 is amended in the edition of the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672; Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition)
Article 71. Statutes of Limitations
The statute of limitations does not apply to claims of the National Bank of Kazakhstan to borrowers for improper performance of loan agreements.
Amendments were introduced into Article 72 in accordance with the Decree of the President of the Republic of Kazakhstan having the force of law dated December 5, 1995 No. 2672; Laws of the Republic of Kazakhstan dated July 11, 1997 No. 154-1; dated December 8, 1997 No. 200-1; dated July 16, 1999 No. 436-1 (see old edition); dated March 2, 2001 No. 162-II (see old edition); amended in the edition of the Law of the Republic of Kazakhstan dated July 5, 2012 No. 30-V (see old edition)
Article 72. Liability of the National Bank of Kazakhstan
The National Bank of Kazakhstan is liable for non-fulfillment of its obligations in the manner established by the laws of the Republic of Kazakhstan.
Article 73. Repealed in accordance with the Law of the Republic of Kazakhstan dated July 10, 2003 No. 483-II (see old edition)
Amendments were introduced into Article 74 in accordance with the Law of the Republic of Kazakhstan dated July 11, 1997 No. 154-1
Article 74. Entry into Force of this Law
This Law enters into force from the date of publication.
President
Republic of Kazakhstan N. NAZARBAYEV
March 30, 1995 No. 2155
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The links and the sentences they come from (27)
- Amends
- Law of the Republic of Kazakhstan dated 13.03.17 No. 53-VINot in RegAlert · 2017
“37-1) excluded in accordance with the Law of the Republic of Kazakhstan dated 13.03.17 No. 53-VI”
- Law of the Republic of Kazakhstan dated 19.09.25 No. 219-VIIINot in RegAlert · 2025
“Article supplemented with sub-item 24-2 in accordance with the Law of the Republic of Kazakhstan dated 03.07.19 No. 262-VI ... Law of the Republic of Kazakhstan dated 19.09.25 No. 219-VIII”
- Law of the RK of 01.03.11 No. 414-IVNot in RegAlert · 2011
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 01.03.11 No. 414-IV”
- Law of the RK of 02.03.2001 No. 162-IINot in RegAlert
“The title is redacted in the edition of the Law of the RK of 02.03.2001 No. 162-II (see old edition)”
- Law of the RK of 03.05.01 No. 182-IINot in RegAlert · 2001
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 03.05.01 No. 182-II”
- Law of the RK of 04.07.09 No. 167-IVNot in RegAlert · 2009
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 04.07.09 No. 167-IV”
+21 more
- Law of the RK of 05.07.06 No. 165-IIINot in RegAlert · 2006
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 05.07.06 No. 165-III”
- Law of the RK of 05.07.11 No. 452-IVNot in RegAlert · 2011
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 05.07.11 No. 452-IV”
- Law of the RK of 05.07.12 No. 30-VNot in RegAlert · 2012
“Amendments have been made to Article 4 in accordance with the Law of the RK of 11.06.97 No. 154-1; ... Law of the RK of 05.07.12 No. 30-V”
- Law of the RK of 07.12.96 No. 50-1Not in RegAlert · 1996
“Amendments have been made to Article 8 in accordance with the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; Law of the RK of 07.12.96 No. 50-1”
- Law of the RK of 08.07.05 No. 69-IIINot in RegAlert · 2005
“Throughout the text, the word "(interest)" is excluded in accordance with the Law of the RK of 08.07.05 No. 69-III”
- Law of the RK of 09.07.03 No. 482-IINot in RegAlert · 2003
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 09.07.03 No. 482-II”
- Law of the RK of 10.06.14 No. 206-VNot in RegAlert · 2014
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 10.06.14 No. 206-V”
- Law of the RK of 10.07.03 No. 483-IINot in RegAlert · 2003
“Amendments have been made to Article 1 in accordance with the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; Law of the RK of 11.07.97 No. 154-1; Law of the RK of 10.07.03 No. 483-II”
- Law of the RK of 11.06.04 No. 562-IINot in RegAlert · 2004
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 11.06.04 No. 562-II”
- Law of the RK of 11.07.09 No. 185-IVNot in RegAlert · 2009
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 11.07.09 No. 185-IV”
- Law of the RK of 11.07.97 No. 154-1Not in RegAlert · 1997
“Amendments have been made to Article 1 in accordance with the Decree of the President of the RK, having the force of law, of 05.12.95 No. 2672; Law of the RK of 11.07.97 No. 154-1”
- Law of the RK of 12.01.07 No. 222-IIINot in RegAlert · 2007
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 12.01.07 No. 222-III”
- Law of the RK of 16.07.99 No. 436-1Not in RegAlert · 1999
“Amendments have been made to Article 7 in accordance with the Law of the RK of 11.06.97 No. 154-1; Law of the RK of 16.07.99 No. 436-1”
- Law of the RK of 19.03.10 No. 258-IVNot in RegAlert · 2010
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 19.03.10 No. 258-IV”
- Law of the RK of 20.02.06 No. 127-IIINot in RegAlert · 2006
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 20.02.06 No. 127-III”
- Law of the RK of 21.06.13 No. 106-VNot in RegAlert · 2013
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 21.06.13 No. 106-V”
- Law of the RK of 21.07.11 No. 466-IVNot in RegAlert · 2011
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 21.07.11 No. 466-IV”
- Law of the RK of 23.12.05 No. 107-IIINot in RegAlert · 2005
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 23.12.05 No. 107-III”
- Law of the RK of 24.05.18 No. 156-VINot in RegAlert · 2018
“9) excluded in accordance with the Law of the RK of 24.05.18 No. 156-VI”
- Law of the RK of 28.02.07 No. 235-IIINot in RegAlert · 2007
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 28.02.07 No. 235-III”
- Law of the RK of 28.08.09 No. 192-IVNot in RegAlert · 2009
“Amendments have been made to Article 8 in accordance with ... Law of the RK of 28.08.09 No. 192-IV”
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