Article 10. Purchase and (or) sale of foreign currency of the Law on Currency Regulation and Currency Control

Home / RLA / Article 10. Purchase and (or) sale of foreign currency of the Law on Currency Regulation and Currency Control

 1. The domestic foreign exchange market of the Republic of Kazakhstan is defined as a set of relations between residents and non-residents related to the purchase and (or) sale of foreign currency carried out on the territory of the Republic of Kazakhstan in accordance with this Law.

2. Authorized banks authorized to carry out exchange operations with foreign currency in accordance with the license issued by the authorized body for regulation, control and supervision of the financial market and financial organizations or the laws of the Republic of Kazakhstan are entitled to sell and (or) buy foreign currency in the Republic of Kazakhstan and abroad.

3. Legal entities and branches (representative offices) of foreign organizations (with the exception of authorized banks) carry out non-cash purchase and (or) sale of foreign currency in the Republic of Kazakhstan through bank accounts with authorized banks in accordance with the procedure established by the rules for foreign exchange transactions in the Republic of Kazakhstan.

Authorized organizations have the right to carry out transactions with authorized banks for the purchase and (or) sale of foreign currency in cash for the purposes of their activities on the basis of contracts concluded with them.

4. The purchase and (or) sale of foreign currency in cash for other foreign or national currency in cash by individuals in the Republic of Kazakhstan is carried out exclusively through exchange offices.

5. The National Bank of the Republic of Kazakhstan monitors the sources of supply and demand in the domestic foreign exchange market of the Republic of Kazakhstan and the purposes of using the acquired foreign currency.

Authorized banks shall submit to the National Bank of the Republic of Kazakhstan information on the sources of supply and demand in the domestic foreign exchange market of the Republic of Kazakhstan and the purposes of using the acquired foreign currency.

The procedure for authorized banks to provide information on sources of supply and demand in the domestic foreign exchange market of the Republic of Kazakhstan and the purposes of using the acquired foreign currency, including forms and deadlines for submitting reports, is determined by the rules for monitoring sources of supply and demand in the domestic foreign exchange market of the Republic of Kazakhstan.

IZPI's note! Paragraph 6 is provided for in the wording of the Law of the Republic of Kazakhstan dated 30.06.2025 No. 205-VIII (effective sixty calendar days after the date of its first official publication).

6. The rules for currency transactions in the Republic of Kazakhstan, approved by the National Bank of the Republic of Kazakhstan, determine the procedure for the purchase and (or) sale of non–cash foreign currency on the domestic foreign exchange market of the Republic of Kazakhstan, the requirements for resident legal entities (except authorized banks) to confirm the purpose of buying foreign currency for the national currency on the domestic foreign exchange market of the Republic of Kazakhstan and its use for the stated purposes, as well as the threshold value for the purchase amount, above which these requirements apply.

7. The procedure for the purchase and (or) sale of non-cash foreign currency in the domestic foreign exchange market of the Republic of Kazakhstan, the requirements for resident legal entities (with the exception of authorized banks) to confirm the purpose of the purchase of foreign currency for national currency in the domestic foreign exchange market of the Republic of Kazakhstan and its use, as well as the threshold value for the purchase amount, if exceeded which these requirements apply to are determined by the rules of currency transactions in the Republic of Kazakhstan. IZPI's note 7. The procedure for the purchase and (or) sale of non-cash foreign currency in the domestic foreign exchange market of the Republic of Kazakhstan, the requirements for resident legal entities (with the exception of authorized banks) to confirm the purpose of thee of foreign currency for national currency in the domestic foreign exchange market of the Rrrency control.

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