Rule · NBK · 27 Jul 2026
Auction participants must submit applications electronically between 09:00 and 11:30 Astana time, with minimum volumes of 50,000,000 tenge for securities auctions and 10,000,000 tenge for deposit auctions. Participants are barred from bidding if they violated minimum reserve standards two or more times in the preceding three months. Primary agents and authorized subdivisions must summarize applications and notify results by specified deadlines, such as 17:00 or 18:30 Astana time. This resolution amends Resolutions No. 61 and No. 167 and enters into force ten calendar days after first official publication.
| NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN | NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN | |
| RESOLUTION OF THE BOARD | RESOLUTION OF THE BOARD | |
| July 27, 2026 Astana city | No. 87 Astana city |
On Amendments to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 29, 2016 No. 61 "On Approval of the Rules for Implementing the State's Priority Right to Acquire Refined Gold to Replenish Assets in Precious Metals" and the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 30, 2018 No. 167 "On Approval of the Rules for Conducting Auctions by the National Bank of the Republic of Kazakhstan in the Framework of Implementing Monetary Policy"
The Board of the National Bank of the Republic of Kazakhstan RESOLVES:
rephrase the preamble in the following edition:
"In accordance with subparagraph 10) of paragraph 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", subparagraph 2) of Article 5 of the Law of the Republic of Kazakhstan "On Precious Metals and Precious Stones" and subparagraph 52) of the second paragraph of part two of paragraph 19 of the Regulation on the National Bank of the Republic of Kazakhstan, approved by the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan", in order to improve the procedure for the National Bank of the Republic of Kazakhstan to implement the state's priority right to acquire refined gold to replenish assets in precious metals, the Board of the National Bank of the Republic of Kazakhstan RESOLVES:";
in the Rules for Implementing the State's Priority Right to Acquire Refined Gold to Replenish Assets in Precious Metals, approved by the said resolution:
rephrase paragraph 1 in the following edition:
"1. These Rules for Implementing the State's Priority Right to Acquire Refined Gold to Replenish Assets in Precious Metals (hereinafter - the Rules) are developed in accordance with subparagraph 10) of paragraph 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan", subparagraph 2) of Article 5 of the Law of the Republic of Kazakhstan "On Precious Metals and Precious Stones" (hereinafter - the Law on Precious Metals and Precious Stones) and subparagraph 52) of the second paragraph of part two of paragraph 19 of the Regulation on the National Bank of the Republic of Kazakhstan, approved by the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan" and define the procedure for the National Bank of the Republic of Kazakhstan (hereinafter - the National Bank) to implement the state's priority right to acquire refined gold to replenish assets in precious metals (hereinafter - the priority right).";
rephrase the first paragraph of part one of paragraph 18 in the following edition, the text in the Kazakh language does not change:
"18. The price of refined gold is determined in tenge based on the official exchange rate of the tenge to the United States dollar on the date of the transaction and the average value of the morning and evening fixing (price quotes) for gold of the London Bullion Market Association, averaged over the entire delivery month, and a discount, including:".
rephrase the preamble in the following edition:
"In accordance with subparagraph 1) of paragraph 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" and subparagraph 25) of the second paragraph of part two of paragraph 19 of the Regulation on the National Bank of the Republic of Kazakhstan, approved by the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan" and in order to further improve the procedure for the National Bank of the Republic of Kazakhstan to conduct auctions in the framework of implementing monetary policy, the Board of the National Bank of the Republic of Kazakhstan RESOLVES:";
in the Rules for Conducting Auctions by the National Bank of the Republic of Kazakhstan in the Framework of Implementing Monetary Policy, approved by the said resolution:
rephrase paragraph 1 in the following edition:
"1. These Rules for Conducting Auctions by the National Bank of the Republic of Kazakhstan in the Framework of Implementing Monetary Policy (hereinafter - the Rules) are developed in accordance with subparagraph 1) of paragraph 2 of Article 15 of the Law of the Republic of Kazakhstan "On the National Bank of the Republic of Kazakhstan" and subparagraph 25) of the second paragraph of part two of paragraph 19 of the Regulation on the National Bank of the Republic of Kazakhstan, approved by the Decree of the President of the Republic of Kazakhstan dated December 31, 2003 No. 1271 "On Approval of the Regulation and Structure of the National Bank of the Republic of Kazakhstan" and define the procedure for the National Bank of the Republic of Kazakhstan (hereinafter - the National Bank) to conduct auctions in the framework of implementing the state monetary policy of the Republic of Kazakhstan (hereinafter - monetary policy).";
in paragraph 3:
rephrase the first paragraph in the following edition:
"3. The Rules use concepts provided for by the Civil Code of the Republic of Kazakhstan (Special Part), as well as the following concepts:";
rephrase subparagraph 2) in the following edition:
"2) auction platform - a digital system used by the National Bank to conduct auctions;";
rephrase subparagraph 6) in the following edition:
"6) digital data transmission system - a financial automated information transport system of the Joint Stock Company "National Payment Corporation of the National Bank of the Republic of Kazakhstan" (hereinafter - FASTI) or an international interbank information transmission and settlement system for transactions with financial instruments (Society for Worldwide Interbank Financial Telecommunication), encrypted using a software-cryptographic protection system;";
rephrase subparagraph 1) of paragraph 8 in the following edition:
"1) absence of violations of minimum reserve requirement standards two or more times within three consecutive calendar months preceding the date of participation in the auction. This requirement applies until the date of payment by the auction participant of an administrative fine for an administrative offense provided for by part five of Article 213 of the Code of the Republic of Kazakhstan on Administrative Offenses (hereinafter - the Code on Administrative Offenses);";
rephrase the first paragraph of paragraph 13 in the following edition:
"13. Information related to the conduct of the auction for the purchase of securities with a reverse sale, transmitted by the National Bank to auction participants through a digital data transmission system, contains the following information:";
rephrase paragraph 14 in the following edition:
"14. In the event of impossibility for technical reasons (in case of failure of the digital data transmission system) to transmit to auction participants by the National Bank information related to the conduct of the auction for the purchase of securities with a reverse sale through a digital data transmission system, transmission of information related to the conduct of the auction for the purchase of securities with a reverse sale on a paper carrier is permitted.";
rephrase part one of paragraph 18 in the following edition:
"18. On the day of the auction for the purchase of securities with a reverse sale, from 09:00 to 11:30 Astana time, the auction participant submits an application for participation in the auction for the purchase of securities with a reverse sale in electronic form through the auction platform to the authorized subdivision.";
rephrase paragraph 20 in the following edition, the text in the Kazakh language does not change:
"20. The minimum volume of one application with a competitive or non-competitive offer is not less than 50,000,000 (fifty million) tenge.";
rephrase paragraphs 26 and 27 in the following edition:
"26. The authorized subdivision by 12:00 Astana time summarizes applications for participation in the auction for the purchase of securities with a reverse sale into a summary statement of received applications for participation in the auction for the purchase of securities with a reverse sale in the form according to Appendix 3 to the Rules.
rephrase paragraph 33 in the following edition:
"33. The authorized subdivision no later than 18:30 Astana time on the day of the auction for the purchase of securities with a reverse sale posts on the official Internet resource of the National Bank information on the results of the held auction for the purchase of securities with a reverse sale.";
rephrase the first paragraph of paragraph 45 in the following edition:
"45. Information related to the conduct of the auction for the sale of securities with a reverse purchase, transmitted by the National Bank to auction participants through a digital data transmission system, contains the following information:";
rephrase paragraph 46 in the following edition:
"46. In the event of impossibility for technical reasons (in case of failure of the digital data transmission system) to transmit to auction participants by the National Bank information related to the conduct of the auction for the sale of securities with a reverse purchase through a digital data transmission system, transmission of information related to the conduct of the auction for the sale of securities with a reverse purchase on a paper carrier is permitted.";
rephrase paragraph 50 in the following edition:
"50. On the day of the auction for the sale of securities with a reverse purchase, from 9:00 to 11:30 Astana time, the auction participant submits an application for participation in the auction for the sale of securities with a reverse purchase in electronic form through the auction platform to the authorized subdivision.";
rephrase paragraph 52 in the following edition, the text in the Kazakh language does not change:
"52. The minimum volume of one application with a competitive or non-competitive offer is not less than 50,000,000 (fifty million) tenge.";
rephrase paragraphs 58 and 59 in the following edition:
"58. The authorized subdivision by 12:00 Astana time summarizes applications for participation in the auction for the sale of securities with a reverse purchase into a summary statement of received applications for participation in the auction for the sale of securities with a reverse purchase in the form according to Appendix 7 to the Rules.
rephrase paragraph 65 in the following edition:
"65. The authorized subdivision no later than 18:30 Astana time on the day of the auction for the sale of securities with a reverse purchase posts on the official Internet resource of the National Bank information on the results of the held auction for the sale of securities with a reverse purchase.";
rephrase paragraph 74 in the following edition, the text in the Kazakh language does not change:
"74. The nominal value of the short-term note of the National Bank is 100 (one hundred) tenge.";
rephrase the first paragraph of paragraph 79 in the following edition:
"79. Information related to the conduct of the auction of short-term notes of the National Bank, transmitted by the National Bank to primary agents through a digital data transmission system, contains the following information:";
rephrase paragraph 80 in the following edition:
"80. In the event of impossibility for technical reasons (in case of failure of the digital data transmission system) to transmit to primary agents by the National Bank information related to the conduct of the auction of short-term notes of the National Bank through a digital data transmission system, transmission of information related to the conduct of the auction of short-term notes of the National Bank on a paper carrier is permitted.";
rephrase part one of paragraph 83 in the following edition:
"83. On the day of the electronic auction, from 9:00 to 11:30 Astana time, the primary agent submits an application for the purchase of short-term notes of the National Bank in electronic form through the auction platform to the authorized subdivision.";
rephrase paragraphs 87 and 88 in the following edition:
"87. The authorized subdivision within the framework of the electronic auction by 11:30 Astana time summarizes applications for the purchase of short-term notes of the National Bank from primary agents into a summary statement of received applications for the purchase of short-term notes of the National Bank.
rephrase paragraph 92 in the following edition:
"92. In the event of a decision to additional placement of short-term notes of the National Bank, the authorized subdivision on the day of the electronic auction by 13:30 Astana time sends to primary agents the conditions for the additional placement of short-term notes of the National Bank in the manner provided for by paragraphs 79 and 80 of the Rules.";
rephrase paragraphs 98 and 99 in the following edition:
"98. The authorized subdivision, based on information on the volume of satisfied applications for additional placement of short-term notes of the National Bank, carries out the additional placement of short-term notes of the National Bank and no later than 17:00 Astana time on the day of the additional placement of short-term notes of the National Bank notifies the primary agent of the satisfied volume of applications on a paper carrier or in electronic form through the auction platform.
rephrase paragraphs 104 and 105 in the following edition:
"104. The authorized subdivision within the framework of the sale auction, based on information on the volume of placement of short-term notes of the National Bank within the discounted prices, carries out the placement of short-term notes of the National Bank and no later than 17:00 Astana time on the day of the sale auction notifies the primary agent of the satisfied volume of short-term notes of the National Bank on a paper carrier or in electronic form through the auction platform.
rephrase paragraph 111 in the following edition:
"111. The authorized subdivision within the framework of the auction in the form of subscription, based on information on the volume of placement of short-term notes of the National Bank, carries out the placement of short-term notes of the National Bank and no later than 17:00 Astana time on the day of the auction in the form of subscription notifies the primary agent of the satisfied volume of applications for the purchase of short-term notes of the National Bank on a paper carrier or in electronic form through the auction platform.";
rephrase paragraphs 115 and 116 in the following edition:
"115. The authorized subdivision no later than 18:30 Astana time on the day of the auction of short-term notes of the National Bank posts on the official Internet resource of the National Bank information on the results of the held auction of short-term notes of the National Bank.
rephrase paragraphs 121, 122 and 123 in the following edition:
"121. No later than 16:00 Astana time on the working day preceding the redemption day of short-term notes of the National Bank, the central depository forms a list of holders of short-term notes of the National Bank entitled to receive money from the redemption of short-term notes of the National Bank.
On the redemption day of short-term notes of the National Bank, the National Bank by 11:00 Astana time carries out the transfer of money to the position of the central depository in accordance with the information on the upcoming redemption of short-term notes of the National Bank, indicating the number of short-term notes of the National Bank, the amount to be paid upon redemption of short-term notes of the National Bank, and the details of the central depository.
The transfer of money to the position of the primary agent for the redemption of short-term notes of the National Bank is carried out by the central depository at their nominal value on the redemption day by 12:00 Astana time.";
rephrase subparagraph 5) of paragraph 129 in the following edition, the text in the Kazakh language does not change:
"5) volume of the transaction (total amount in tenge);";
rephrase part one of paragraph 140 in the following edition:
"140. On the day of the deposit auction, from 9:00 to 11:30 Astana time, the counterparty submits an application for participation in the deposit auction in electronic form through the auction platform.";
rephrase paragraph 142 in the following edition, the text in the Kazakh language does not change:
"142. The minimum volume of one application with a competitive or non-competitive offer is 10,000,000 (ten million) tenge.";
rephrase paragraph 148 in the following edition:
"148. The head of the authorized subdivision or, in his absence, the person replacing him, from 11:30 to 13:00 Astana time, based on the received data on the deposit auction, makes a decision on the cut-off rate, the volume of satisfaction of applications or on recognizing the deposit auction as unsuccessful, after which he signs the summary statement of received applications for participation in the deposit auction.";
rephrase paragraph 160 in the following edition:
"160. The authorized subdivision no later than 18:30 Astana time on the day of the deposit auction posts on the official Internet resource of the National Bank information on the results of the held deposit auction.";
rephrase Appendix 2 in the edition according to Appendix 1 to this resolution;
rephrase Appendix 3 in the edition according to Appendix 2 to this resolution;
rephrase Appendix 4 in the edition according to Appendix 3 to this resolution;
rephrase Appendix 6 in the edition according to Appendix 4 to this resolution;
rephrase Appendix 7 in the edition according to Appendix 5 to this resolution;
rephrase Appendix 8 in the edition according to Appendix 6 to this resolution;
rephrase Appendix 10 in the edition according to Appendix 7 to this resolution.
1) jointly with the Legal Department of the National Bank of the Republic of Kazakhstan state registration of this resolution in the Ministry of Justice of the Republic of Kazakhstan;
2) posting of this resolution on the official Internet resource of the National Bank of the Republic of Kazakhstan after its official publication;
3) within ten working days after the state registration of this resolution, submission to the Legal Department of the National Bank of the Republic of Kazakhstan of information on the implementation of measures provided for by subparagraph 2) of this paragraph.
Control over the implementation of this resolution[1] shall be entrusted to the Deputy Chairman of the National Bank of the Republic of Kazakhstan in charge.
This resolution enters into force after the expiration of ten calendar days from the day of its first official publication.
| Chairman | T.M. Suleimenov |
Copy is correct:
Chief Specialist-Secretary of the Board Z. Mukhambetova
Appendix 1
to the Resolution of the Board
of the National Bank
of the Republic of Kazakhstan
of July 27, 2026 No. ___
Appendix 2
to the Rules for Conducting
by the National Bank
of the Republic of Kazakhstan
Auctions in the Framework of Implementing
Monetary Policy
Form
outgoing number
"_"_____ 20__ year
Application
for participation in the auction for the purchase of securities
with a reverse sale
of issue No. ______ dated ""___ 20___ year
(the unique identification number of the auction is indicated)
Auction Participant______
(full name and its account number)
individual identification code or bank
identification code ______ expresses readiness to sell
securities to the National Bank with
reverse purchase term ____ days and reverse purchase date ______ on the following terms:
| Application Number | National identification number of securities or international identification number | Account number of the auction participant | Nominal volume of securities (tenge) | Volume of sale at nominal value (tenge) | Volume of purchase at nominal value (tenge) | Yield Rate |
| Applications with competitive offers | ||||||
| Total: | ||||||
| Applications with non-competitive offers | ||||||
| Total: |
Head (during his absence - the person replacing him)
Surname, First Name, Patronymic (if any) Signature
Appendix 2
to the Resolution of the Board
of the National Bank
of the Republic of Kazakhstan
of July 27, 2026 No. ___
Appendix 3
to the Rules for Conducting
by the National Bank
of the Republic of Kazakhstan
Auctions of the
Republic of Kazakhstan
within the framework of the
implementation of
monetary policy
| Form Summary statement of received applications | |||||||||||||||||||||||||||||||
| for participation in an auction for the purchase of securities with reverse sale | |||||||||||||||||||||||||||||||
| Auction No. ______ dated ""___ 20___ year. Maximum rate _______(in percent). Announced volume ______ | |||||||||||||||||||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| No. p/p | Auction participant | Type of application | Application number | Volume of purchase of securities, tenge | Interest rate | Volume with due regard to announced restrictions | Volume without due regard to announced restrictions | ||||||||||||||||||||||||
| competitive | non-competitive | total | average rate | competitive | non-competitive | total | average rate | ||||||||||||||||||||||||
Total: _______ tenge,
including the number of applications with non-competitive offers _______ tenge.
Head of the authorized department (in case of his absence - the person replacing him)
Surname, first name, patronymic (if any) Signature
Appendix 3
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan of July 27, 2026 No. ___
Appendix 4
to the Rules for conducting by the National Bank of the Republic of Kazakhstan auctions within the framework of the implementation of monetary policy
Form
Notification of satisfied volume of applications
for an auction for the purchase of securities with reverse sale
No.______ dated "___" ____20 year
The National Bank notifies that your application for participation in an auction for the purchase of securities with reverse sale No. ______ dated "" ______ 20 year is satisfied for the amount of ______ tenge.
Weighted average rate _____ (in percent).
Auction closing date _____.
Total volume of satisfied applications ______ tenge.
| Application No. | Auction participant's account number | National identification number of securities or international identification number | Nominal volume | Purchase price | Purchase volume | Reverse sale price | Reverse sale volume | Yield rate | Reverse sale date | |||||
| Total: |
Head of the authorized department (in case of his absence - the person replacing him)
Surname, first name, patronymic (if any) Signature
Appendix 4
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan of July 27, 2026 No. ___
Appendix 6
to the Rules for conducting by the National Bank of the Republic of Kazakhstan auctions within the framework of the implementation of monetary policy
Form outgoing number
"_"_____ 20__ year
Application
for participation in an auction for the sale of securities with reverse purchase
for issue No. ______ dated ""___ 20__ year
(the unique identification number of the auction is indicated)
Auction participant ______
(full name and its account number)
individual identification code or banking identification code ______ expresses readiness to buy securities from the National Bank with a reverse sale term of ____ days and a reverse sale date ______ on the following terms:
| Application number | Auction participant's account number | Volume (tenge) | Yield rate |
| (in percent) | |||
| Applications with competitive offers | |||
| --- | --- | --- | --- |
| Total: | |||
| Applications with non-competitive offers | |||
| Total: |
Head (in case of his absence - the person replacing him)
Surname, first name, patronymic (if any) Signature
Appendix 5
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan of July 27, 2026 No. ___
Appendix 7
to the Rules for conducting by the National Bank of the Republic of Kazakhstan auctions within the framework of the implementation of monetary policy
| Form Summary statement of received applications | |||||||||||||||||
| for participation in an auction for the sale of securities with reverse purchase | |||||||||||||||||
| Auction No. ______ dated ""___ 20___ year. Maximum rate _______(in percent). Announced volume ______ | |||||||||||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| No. p/p | Auction participant | Type of application | Application number | Volume of purchase of securities, tenge | Interest rate | volume with due regard to announced restrictions | volume without due regard to announced restrictions | ||||||||||
| competitive | non-competitive | total | average rate | competitive | non-competitive | total | average rate | ||||||||||
| 1 |
Total: _______ tenge,
including the number of applications with non-competitive offers _______ tenge.
Head of the authorized department (in case of his absence - the person replacing him)
Surname, first name, patronymic (if any) Signature
Appendix 6
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan of July 27, 2026 No. ___
Appendix 8
to the Rules for conducting by the National Bank of the Republic of Kazakhstan auctions within the framework of the implementation of monetary policy
Form
Notification of satisfied volume of applications
for an auction for the sale of securities with reverse purchase
No. _____ dated "___" ____20 year
The National Bank notifies that your application for participation in an auction for the sale of securities with reverse purchase No. ______ dated "" ______ 20 year is satisfied for the amount of ______ tenge.
Weighted average auction rate _______ (in percent).
Auction closing date ______
Total volume of satisfied applications ______ tenge.
| Application No. | National identification number of securities or international identification number | Nominal volume of the security | Sale price of the security | Opening volume | Reverse purchase price of the security | Closing volume | Rate |
| Total: |
Head of the authorized department (in case of his absence - the person replacing him)
Surname, first name, patronymic (if any) Signature
Appendix 7
to the Resolution of the Board of the National Bank of the Republic of Kazakhstan of July 27, 2026 No. ___
Appendix 10
to the Rules for conducting by the National Bank of the Republic of Kazakhstan auctions within the framework of the implementation of monetary policy
Form
outgoing number
"_"_____ 20__ year
Placement form (electronic auction, (additional placement), auction for sale, subscription auction)
Application
for the purchase of short-term notes of the National Bank
for issue No. ______ dated ""___ 20__ year
(issue number is indicated, based on the terms of issue and placement of short-term notes of the National Bank)
Primary agent______,
(full name and its account number)
correspondent account opened in the National Bank No.______, individual identification code or banking identification code ______ expresses readiness to buy short-term notes of the National Bank with a term of _____ days and a maturity date ______ on the following price terms:
| No. | Number of short-term notes (pieces) | Account number of the primary agent or investor | Nominal value of one short-term note (tenge) | Purchase volume at nominal value (tenge) | Discounted price of one short-term note (tenge) | Purchase volume at discounted price (tenge) |
| Applications with competitive offers | ||||||
| Total: | ||||||
| Applications with non-competitive offers | ||||||
| Total: |
Head (in case of his absence - the person replacing him)
Surname, first name, patronymic (if any) Signature
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“Make the following amendment to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated February 29, 2016 No. 61”
“Make the following changes to the Resolution of the Board of the National Bank of the Republic of Kazakhstan dated July 30, 2018 No. 167”
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