Article 4. Goals, objectives and principles of currency regulation and currency control The Law on Currency Regulation and Currency Control

Home / RLA / Article 4. Goals, objectives and principles of currency regulation and currency control The Law on Currency Regulation and Currency Control

 1. The objectives of currency regulation are to promote state policy to achieve sustainable economic growth and international cooperation in the Republic of Kazakhstan, to help ensure the stability of the balance of payments, the stability of the domestic foreign exchange market and the economic security of the Republic of Kazakhstan.

The objectives of currency regulation are:

1) determination of the order of circulation of currency valuables in the Republic of Kazakhstan;

2) promoting the further integration of the Republic of Kazakhstan into the global economy;

3) providing an information base on foreign exchange transactions and international financial assets and liabilities of the Republic of Kazakhstan.

2. The purpose of currency control is to ensure that residents and non-residents comply with the currency legislation of the Republic of Kazakhstan when conducting currency transactions.

The objectives of currency control are:

1) determining the compliance of conducted currency transactions with the currency legislation of the Republic of Kazakhstan;

2) verification of the validity of payments and (or) money transfers for foreign exchange transactions and the availability of documents necessary for their implementation;

3) checking the completeness, timeliness and objectivity of accounting and reporting on foreign exchange transactions.

IZPI's note! Article 4 is provided to be supplemented by paragraph 3 in accordance with 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).

3. The implementation of currency regulation and currency control is based on the following principles:

1) legality;

2) respect for the rights and legitimate interests of residents and non-residents when conducting foreign exchange transactions;

3) completeness, reliability and timeliness of accounting and reporting on foreign exchange transactions;

4) ensuring the protection of the domestic foreign exchange market and the economy of the Republic of Kazakhstan;

5) the absence of restrictions in conducting currency transactions in compliance with the procedures established by the legislation of the Republic of Kazakhstan.

This Law regulates public relations related to the implementation of currency transactions, defines the goals and objectives of currency regulation and currency control.

President

Republic of Kazakhstan

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