Baku, Azerbaijan, Jan.12
By Nigar Guliyeva – Trend:
The National Bank of Kazakhstan approved amendments to the rules for the organization of exchange transactions with foreign currency cash.
The amendments were approved by the resolution dated Sept.27, 2017 of the Board of the National Bank.
The resolution provides for an increase in the minimum authorized capital of authorized organizations.
Under the resolution, the minimum authorized capital of an authorized organization is 30 million tenge for each exchange office with a location in the cities of Astana and Almaty, 20 million tenge for each exchange office with a location in administrative centers of the regions, 10 million tenge for each exchange office with a different location, the National Bank said in a statement.
The bank stressed that the resolution was developed in accordance with the Law of the Republic of Kazakhstan dated June 13, 2005 "On Currency Regulation and Currency Control" and other legislative acts and ensures the functioning of foreign currency cash in the market, the exclusive activity of which is the organization of exchange operations with cash foreign currency , with sufficient capitalization, capable of providing a safe level of service for the population as a consumer of financial services.
The number of exchange offices in Kazakhstan for the year by October 2017 increased by 81, to 2952 units. A year earlier, their number decreased by 92
The number of exchange offices owned by banks is 64.4 percent of the total number, or 1ç900 units, the growth for the year - by 29 units.