NBKR's news


Date: 25.09.2018
Permanent link

The National Bank keeps its policy rate unchanged at 4.75% 

 


Date: 30.08.2018
Permanent link

In connection with the implementation of preventive works from 01.09.2018 to 03.09.2018 possible temporary inaccessibility of the site. We apologize for any inconvenience caused. 

 


Date: 28.08.2018
Permanent link

The National Bank issues new collection coins 

 

From 28 August 2018, the National Bank of the Kyrgyz Republic puts into circulation silver and copper-nickel collection coins «Ulak tartysh» of the series «World Nomad Games» and the copper-nickel collection coin «Yurta - Kyrgyz house» of the series «Age of the Kyrgyz kaganate». 

The collection coin «Ulak Tartysh» of «The World Nomad Games» series has been issued to revive and popularize the ethnic types of sports and is dedicated to the III World Nomad Games 2018. 

The obverse of the coin depicts a horse rider with an ulak in his hands. The dynamics of the game is reflected in the lines, which gradually turn into the contours of the mountains. The upper part of the coin contains a colored logo of the World Nomad Games and the name of the coin «Ulak Tartysh» written in the runic style. The left part of the coin illustrates silhouettes of a horse rider and players involved into the game. The weight of the coin (31.10 g) and alloy of metal (Ag925°) are shown in the right part of the silver coin. The face value of the coin is given in its lower part. 

The central part of the reverse side of the coin illustrates the coat of arms of the Kyrgyz Republic. Around the circumference of the coin there is an inscription which reads «Дүйнөлүк көчмөндөр оюндары /World Nomad Games». The year of coin issue (2018) is stated in the lower part of the coin. 

The collection copper-nickel coin «Yurta - Kyrgyz house» of the series «Age of the Kyrgyz kaganate » was issued by the National Bank of the Kyrgyz Republic to popularize the spiritual and cultural values of the Kyrgyz people. 

The main theme of the obverse of the coin is the image of Yurt. The upper part of the coin depicts an inscription with the name of the coin «Боз үй» («Yurt»). The face value of the coin and the sign of the national currency - Som, that consists of the capital letter of the official monetary unit of the Kyrgyz Republic with the low line means the stability of the national currency, are specified at the bottom of the coin. 

On the reverse side of the coin there is the coat of arms of the Kyrgyz Republic in the center against the background of the stylized construction of the yurt. The bottom of the coin depicts the year of coin issue (2018). 

Each silver coin with a certificate placed in acrylic capsule and packed into a separate box. Each copper-nickel coin placed in acrylic capsule and put into a separate blister pack.  

  

Specifications of the coin  

Name  

Denomination 

Metal (alloy) 

Diameter/size (mm) 

Weight (g) 

Quality 

Issue limit (pcs) 

Price (som) 

Ulak tartysh 

10 Som 

Ag 925 

38,61 

31,10 

«Proof» 

1 000 

2 900 

1 Som 

CuNi 

30,00 

12,00 

«Proof-like» 

5 000 

700 

Yurta - Kyrgyz house 

1 Som 

CuNi 

30,00 

12,00 

«Proof-like» 

5 000 

450 

 

The collection coins "Ulak tartysh", "Yurta - Kyrgyz house» and other collection coins issued by the National Bank will be selling at the cash desks of the National Bank and at the territory of the racetrack in Cholpon-Ata city during the III World Nomad Games from 31 August to 14 September 2018. 

 

 

 

 

 The collection coins are the legal tender in the territory of the Kyrgyz Republic.   

 

 


Date: 28.08.2018
Permanent link

The National Bank keeps its policy rate unchanged at 4.75%. 

 


Date: 27.07.2018
Permanent link

On the 28th and 29th of July 2018 y., the web site of the National bank of the Kyrgyz Republic www.nbkr.kg may not be available due to planned maintenance work. We apologize for any inconvenience. 

 


Date: 28.06.2018
Permanent link

In Kyrgyzstan, the mission of the International Monetary Fund begins its work. 

 

From June 28, 2018, the International Monetary Fund (IMF) mission begins its work in the Kyrgyz Republic.  

The purpose of the visit is to discuss the latest trends in the country's economy, the state budget execution for 2018 and the prospects for the near term. 

Within the framework of the visit, meetings will hold with representatives of the Government of the Kyrgyz Republic, the National Bank of the Kyrgyz Republic and other organizations. The mission's visit will last until July 9, 2018. 

 

 

 

 

 

 


Date: 26.06.2018
Permanent link

The National Bank keeps its policy rate unchanged at 4.75% 


Date: 29.05.2018
Permanent link

The commemorative banknote of the national currency with face value 2000 Som was awarded as the Best New Currency Innovation during the Banknote Conference 2018 in Dallas, TX, USA on 21 May 2018.  

Banknote Conference is the main conference in banknote industry that providing information on the latest leading technology trends in banknote production.  

The Best New Currency Innovation award presents by the International Association of Currency Affairs (IACA) that recognizes usage of the new state-of art technology. The commemorative 2000 Som banknote received this award as the first note to use the latest security feature micro optical stripe MOTION® SURFACE™. 

 

 


Date: 29.05.2018
Permanent link

Press Release 

National Bank of the Kyrgyz Republic  

decreased the policy rate to 4.75 percent 

 

 

On May 28, 2018, the Board of the National Bank of the Kyrgyz Republic decided to decrease the policy rate by 25 basis points to 4.75 percent. The decision becomes effective as of May 29, 2018. 

The actual inflation in the Kyrgyz Republic remains at a low level. Annual inflation in May, 2018 (as of May 18) was 1.6 percent and declined from 3.7 percent as of the beginning of the year. Due to the favorable situation in the international commodity markets decline in food prices supported this decrease in prices. Current recovery of domestic demand as well as stable dynamics of food prices, including imported prices, makes it possible to expect a moderate inflationary dynamics in the medium-term within the monetary policy target of 5-7 percent. 

The economic situation in the trade partners of Kyrgyzstan and its prospects continue to have an upward trend, thus creating a positive background for the economic development of the Kyrgyz Republic. The positive economic growth in the Kyrgyz Republic is supported by the increase of aggregate demand due to the steady dynamics of remittances inflow and increase of real wages. In January-April 2018, real GDP growth was 1.3 percent, excluding the data on the “Kumtor” gold-mining enterprises  2.5 percent. The main sectors of economy show the output growth. It is expected that in 2018 the real sector of the economy will continue to increase and will be closer to the potential level.  

The monetary sector is characterized by positive trends. In the banking sector a sufficient level of liquidity is being observed. Money market rates continue to fluctuate within the interest rate corridor set by the National Bank and getting closer to the policy rate. The activity in the interbank credit market is remained. Previously taken monetary policy measures are affecting the current decrease of market interest rates on loans and expansion of lending of economy. The domestic foreign exchange market remains stable.  

External inflationary conditions and growing aggregate demand, in the absence of any additional shocks, will bring to moderate inflationary dynamics in the country in the upcoming period. Taking into account the balance of risks from the external sector and the tendency of internal conditions, the National Bank decided to decrease the policy rate. This level of the policy rate will allow supporting measures to stimulate the real sector of economy. The National Bank intends to adhere to the current direction of monetary policy in the upcoming period in the absence of external shocks. 

The National Bank on a regular basis assesses external and internal factors influencing inflation and depending on the economic situation will take relevant monetary policy measures.  

 

Briefing: 

The next meeting of the Board of the National Bank of the Kyrgyz Republic on the monetary policy rate is scheduled for June 25, 2018. 

 


Date: 10.05.2018
Permanent link

From May 10, 2018, the National Bank of the Kyrgyz Republic puts into circulation copper-nickel collection coin «25 years of the national currency of the Kyrgyz Republic» of the series «Historical Events» and the silver collection coin «Komuz» of the series «National musical instruments».  

The collection copper-nickel coin «25 years of the national currency of the Kyrgyz Republic» of the series «Historical Events» issued to popularize the most important historical events related to development of the Kyrgyz statehood. 

The main plot of the obverse of the coin is the image of the first banknote of subsidiary denomination - 1 tyiyn and banknote of a highest denomination - 5000 Som. The upper part of the coin shows an inscription with the name of the coin «Кыргыз Республикасынын улуттук валютасына 25 жыл» («25 years of the national currency of the Kyrgyz Republic»). The face value of the coin and the sign of Som, consisting of the capital letter of the official monetary unit of the Kyrgyz Republic with the low line means the stability of the national currency, are specified at the bottom. 

On the reverse side of the coin there is the coat of arms of the Kyrgyz Republic in the center and circulating coins in the following face value: 1, 10, 50 tyiyn and 1, 3, 5, 10 Som. The bottom of the coin shows the year of coin issue (2018). 

The collection silver coin «Komuz» of the series «National musical instruments» was issued by the National Bank of the Kyrgyz Republic to popularize the spiritual and cultural values ​​of the Kyrgyz people.  

The main plot of the obverse side of the coin is the image of komuz. The central part of the coin shows the face value of the coin (10 Som). The left side of the coin specifies the name of the coin «Комуз» («Komuz») and the alloy of metal (Ag 925°), on the right side there are the name of the coin in Latin letters «Komuz» and the weight of the coin (28.28 g). 

On the reverse of the coin, there is the coat of arms of the Kyrgyz Republic in the upper part. In the center - an illustration of the image of the person playing a komuz, framed by a stylized form of a musical instrument. The lower part of the coin contains the year of the coin issue (2018), on the left side there is the vertical inscription «Улуттук музыкалык аспаптар» («National musical instruments»). 

Each silver coin with a certificate placed in acrylic capsule and packed into a separate box. Each copper-nickel coin placed in acrylic capsule and put into a separate blister pack.  

  

Specifications of the coin  

Name  

Denomination  

Metal (alloy)  

Diameter/size (mm)  

Weight (g)  

Quality  

Issue limit (pcs)  

Price (som)  

25 years of the national currency of the Kyrgyz Republic 

5 Som  

CuNi  

33,00 

15,50 

Uncirculated 

5 000 

500 

Komuz 

10 Som  

Ag 925°  

38,61  

28,28  

«Proof»  

1 000  

2 905  

 The collection coins are the legal tender in the territory of the Kyrgyz Republic.   

/