of January 25, 2013 No. 15, on February 22, 2013 No. 99
About procedure for determination of the market rate of currency exchange
According to the subitem 11) of Item 1 of article 1 of the Code of the Republic of Kazakhstan of December 25, 2017 "About taxes and other obligatory payments in the budget" the Board of National Bank of the Republic of Kazakhstan DECIDES (Tax code) and the Minister of Finance of the Republic of Kazakhstan ORDERS:
1. The market rate of currency exchange is determined daily in the working days in which the Kazakhstan stock exchange joint-stock company (further - the exchange) holds the auction on foreign currencies, in the following procedure:
1) (further - the USA) the market rate of currency exchange is determined by dollar of the United States of America as the weighted stock exchange rate of tenge to US dollar which developed as of 15-30 hours of the Astana time;
2) the market rate of currency exchange in relation to tenge is determined by other foreign currencies as the cross-rate calculated with use of the market rate of US dollar in relation to tenge and rates of these currencies to US dollar which developed as of 16-00 hours of the Astana time according to the quotations of demand received on channels of news agencies.
The National Bank of the Republic of Kazakhstan in day of tendering at the exchange fixes the foreign exchange rates in relation to tenge determined in the procedure established by this Item for the foreign currencies specified in appendix to the resolution of Board of National Bank of the Republic of Kazakhstan of August 24, 2012 No. 242 "About approval of Rules of establishment of the official rate of national currency of the Republic of Kazakhstan to foreign currencies" registered in the Register of state registration of regulatory legal acts at No. 7977, (further - the Resolution on the official rates).
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