of January 28, 2009 No. 36, on January 26, 2009 No. 4
About establishment of procedure for determination and application of the market rate of currency exchange
According to the subitem 10) of Item 1 of article 12 of the Code of the Republic of Kazakhstan of December 10, 2008 "About taxes and other obligatory payments in the budget" (Tax code) and article 20 of the Law of the Republic of Kazakhstan of February 28, 2007 "About financial accounting and the financial reporting", the Minister of Finance of the Republic of Kazakhstan ORDERS and the Board of National Bank of the Republic of Kazakhstan DECIDES:
1. Establish the following procedure for determination of the market rate of currency exchange:
1) the market rate of currency exchange is determined by US dollar as the weighted average stock exchange rate of tenge to US dollar which developed at the morning (main) session of Kazakhstan stock exchange joint-stock company as of 11-00 hours of the Almaty time;
2) on the foreign currencies specified in appendix to the presents to the order and the resolution, the market rate of currency exchange is calculated National Bank of the Republic of Kazakhstan with use of the cross-rates to US dollar which developed as of 15-00 hours of the Almaty time according to the quotations of demand received on channels of Reuters news agency.
2. To apply the market rate of currency exchange determined according to Item 1 of the presents of the order and resolution in the day following behind day of tendering at session.
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The document ceased to be valid according to the Resolution of Board of National Bank of the Republic of Kazakhstan, the Order of the Minister of Finance of the Republic of Kazakhstan of January 25, 2013 No. 15, on February 22, 2013 No. 99