The National Bank of the Republic of Kazakhstan has introduced amendments to certain regulations on foreign exchange regulation and control by Resolution No. 29 dated March 31, 2026.
Key changes include:
- enhanced foreign exchange control: banks are required to review transactions and report violations;
- threshold amounts introduced: from USD 10,000 for individuals and USD 50,000 for legal entities;
- a foreign exchange contract registration number is mandatory for certain transactions;
- businesses must substantiate the purpose of foreign currency purchases;
- increased scrutiny of transactions with potential capital outflow risks (transfers, loans, and transactions lacking economic substance).
For individuals, certain relaxations remain in place: transfers of up to USD 10,000 can be carried out without opening a bank account.
The new rules aim to:
- strengthen financial discipline;
- combat illegal capital outflows;
- enhance digitalization and transparency of foreign exchange operations.
The Resolution comes into force on April 19, 2026.
At the same time, the following provision is suspended until July 12, 2026:
An authorized bank or a professional participant of the securities market acting as a foreign exchange control agent shall use data from the digital documents service, subject to the owner’s consent provided via the user account on the e-government web portal, as well as through a mobile subscriber number registered on the e-government portal, by means of a one-time password or by sending a reply SMS to a notification from the e-government portal.
Source: Zakon.kz
