Dear Customers,

Please be informed that the resolution No. 257 of the Board of the National Bank of the Republic of Kazakhstan dated December 23, 2019 "On the Amendment of Resolution No. 42 of the Board of the National Bank of the Republic of Kazakhstan dated March 30, 2019 "On approval of the Rules for the export and import currency control in the Republic of Kazakhstan" was amended.

Par. 11 of the Rules for the export and import currency control in the Republic of Kazakhstan, duly approved by the abovementioned Resolution, shall be read and understood as follows:

"11. The exporter or importer applies for a registration number prior to the fulfillment of obligations under the Foreign Exchange Agreement on the export or import of any of its parties.
If a non-resident participant is the first to fulfill its obligations under the Foreign Exchange Agreement on export or import, and such fulfillment is associated with the transfer of property (receipt of money) in favor of the resident exporter or importer, then such a resident applies for registration before receiving the property (money) in its possession.
If a non-resident participant is the first to fulfill its obligations in a foreign country under the Foreign Exchange Agreement on the import of works (services), one of whose parties is a resident legal entity holding a civil aircraft operator certificate, then a resident shall apply for registration of the Foreign Exchange Agreement within 90 (ninety) calendar days after the fulfillment of obligations by a non-resident, but prior to the date of commencement of obligations by a resident.
An exporter or importer who has accepted the right of claim against a non-resident or has accepted a debt to a non-resident as a result of assignment of a claim or transfer of a debt applies for accounting registration within 30 (thirty) calendar days from the date of acceptance of such a right of claim or debt, but prior to the date of commencement of obligations under the assigned claim (transferred debt) of any of its parties".

This amendment entered into force on January 10, 2020.

Please note, that the above resolution is posted on the official website of the National Bank of the Republic of Kazakhstan at the address: https://nationalbank.kz/?furl=news&switch=russian&kat=5&showall.

Kind regards,
“Al Hilal” Islamic Bank” JSC