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ORDER OF THE GOVERNMENT REPUBLIC OF KAZAKHSTAN

of April 9, 1999 No. 398

About approval of Rules of release, the address and repayment of the state short-term treasury currency obligations of the Republic of Kazakhstan with circulation period three, six, nine and twelve months

(as amended on on October 28, 2001)

For the purpose of expansion of types of the tools used for financing of deficit of the republican budget, the Government of the Republic of Kazakhstan decides:

1. Approve the enclosed Rules of release, the address and repayment of the state short-term treasury currency obligations of the Republic of Kazakhstan with circulation period three, six, nine and twelve months.

2. To the Ministry of Finance of the Republic of Kazakhstan together with National Bank of the Republic of Kazakhstan (under approval) as the financial agent to organize release into the stream of commerce of the state short-term treasury currency obligations within limit of the government debt approved by the Law of the Republic of Kazakhstan on the republican budget for the corresponding year.

3. Determine that money from primary placement of the state short-term treasury currency obligations arrives in the republican budget.

4. This resolution becomes effective from the date of signing.

 

Prime Minister of the Republic of Kazakhstan N. Balgimbayev

Approved by the order of the Government of the Republic of Kazakhstan of April 9, 1999 No. 398

Rules of release, the address and repayment of the state short-term treasury currency obligations of the Republic of Kazakhstan with circulation period three, six, nine and twelve months

1. General provisions

1. These rules determine procedure for release, the address and repayment of the state short-term treasury currency obligations with circulation period three, six, nine and twelve months in the territory of the Republic of Kazakhstan (further - treasury obligations).

2. The name "state short-term treasury currency obligation" (GKVO) in state language hereinafter is referred to as as "Memlekettik kyskamerzimdi kazynashylyk valyutalyk mindetteme" (MEKABM)

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