The Law of the Republic of Kazakhstan of 2 July, 2018 № 167-VІ
«On currency regulation and currency control»

Unofficial translation

This Law shall regulate social relations, related to the implementation of currency transactions, define the goals, objectives of currency regulation and currency control.

Chapter 1. GENERAL PROVISIONS

Article 1. Basic concepts and terms used in this Law

1. The following basic concepts shall be used in this Law:

1) exchange office - a specially equipped place for making exchange operations with foreign currency in cash, established by an authorized organization or an authorized bank that has the right to arrange exchange operations with foreign currency in cash in the Republic of Kazakhstan, based on a license from the National Bank of the Republic Kazakhstan or the laws of the Republic of Kazakhstan;

2) currency values:

foreign currency;

securities and payment documents whose face value is expressed in a foreign currency;

non-par value securities, issued by non-residents of the Republic of Kazakhstan;

refined gold bullions;

national currency, securities and payment documents, the value of which is expressed in the national currency, in the cases of making transactions with them between residents of the Republic of Kazakhstan and non-residents of the Republic of Kazakhstan and between non-residents of the Republic of Kazakhstan, as well as their export (transfer) from the Republic of Kazakhstan or import (transfer) to the Republic of Kazakhstan;

non-par value securities, issued by residents of the Republic of Kazakhstan, in the cases of making transactions with them between residents of the Republic of Kazakhstan and non-residents of the Republic of Kazakhstan and between non-residents of the Republic of Kazakhstan, as well as their export from the Republic of Kazakhstan or import into the Republic of Kazakhstan;

3) currency transactions:

transactions, related to the transfer of ownership and other rights to currency values, as well as the use of currency values as a means of payment;

import, sending and transfer to the Republic of Kazakhstan, as well as export, sending and transfer of currency values from the Republic of Kazakhstan;

transfer of currency values to trust management;

transfer of currency values on the basis of a brokerage services contract;

4) foreign exchange contract - the contracts, constituent documents, including amendments and (or) additions thereto, as well as other documents, on the basis of and (or) pursuant to which the currency operations are carried out;

5) account number - an identification number assigned to a foreign exchange contract or account in a foreign bank by the National Bank of the Republic of Kazakhstan or an authorized bank and intended to provide accounting and reporting on currency transactions;