Non-cash payments in Kazakhstan

In modern conditions, money is an essential attribute of economic life. Therefore, all transactions related to the supply of material values and the provision of services are completed with cash payments in the country. The article discusses the methods of non- cash payments of legal entities and individuals without the use of banknotes, obligations, that is, by transferring a certain amount from the payer’s account to the beneficiary’s account in a bank or by offsetting mutual claims to ensure settlements made by transfer. In the market conditions of managing payments through the bank should be determined by economic expediency, combined with economic independence of market participants and their material responsibility for their actions. It is important to emphasize that the first principle of non-cash payments in market conditions relates both to legal entities and individuals, whereas previously it concerned exclusively legal entities, since there was a clear disclosure of the sphere of cash and non-cash money turnover. The second principle of non-cash payments is that payments from accounts should be made by banks on the orders of their owners in the order. However, due to the deterioration of the payment discipline in the economy in the face of a decline in production and inflationary processes, the calendar order of payments from clients ’settlement accounts was again established. This administrative measure is temporary.

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