NBKR's news


Date: 20.04.2018
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From 20 April 2018, the National bank of the Kyrgyz Republic has launched the web site: numizmat.nbkr.kg for selling of collection coins of the National bank. 

On the website numizmat.nbkr.kg, you can place an order for the purchase of collection coins issued by the National bank of the Kyrgyz Republic. All information about the rules of purchase and collection coins, which are intended for selling, can be found on this web site. 

 


Date: 26.12.2017
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Press Release  

National Bank of the Kyrgyz Republic keeps  

its policy rate unchanged at 5.0 percent  

 

On December 25, 2017, the Board of the National Bank of the Kyrgyz Republic decided to keep the policy rate unchanged at 5.0 percent. The decision becomes effective as of December 26, 2017. 

In December 2017, the inflation remained at a moderate level in line with the medium-term targets and made up 3.7 percent y-o-y (as of December 15). Taking into account price recoveries in the international commodity markets and the growing aggregate demand, inflation will be within the monetary policy target. 

Economic activity in the country continues to show recovery. In January-November 2017, real GDP growth rate made 4.0 percent, excluding the data on the “Kumtor” gold-mining enterprises  3.9 percent. The main sectors of economy showed the output growth, primarily in industry (+12.8 percent). The steady dynamics in the inflow of remittances continues to contribute to the economic growth.  

The domestic foreign exchange market remains stable. In the first decade of December 2017, the National Bank intervened on the foreign exchange market in order to smooth sharp fluctuations of the exchange rate.  

Monetary conditions continue supporting stimulating measures to the real economy and the money market development. Banking sector of the country shows a decrease in market interest rates on loans and an increase in lending to the economy. The growth trend of interbank market activity has continued. Short-term money market rates in the national currency continue to fluctuate within the interest rate corridor set by the National Bank.  

Future development of the external economic environment as well as recovery of domestic aggregate demand will bring the inflation rate closer to the medium-term target, which does not exceed 5-7 percent. Under these conditions, and in the absence of any additional external and internal inflationary shocks in the upcoming period, this level of the policy rate will support measures to stimulate the real sector of economy. The current direction of monetary policy is possible to continue in the forthcoming period on the assumption of maintaining favorable conditions for the economy development.  

The National Bank on a regular basis assesses external and internal factors influencing inflation and depending on the economic situation will take relevant and timely 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 February 26, 2018. 

 


Date: 06.12.2017
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Official Message 

 

From December 7, 2017, the National Bank of the Kyrgyz Republic puts into circulation silver and copper-nickel collection coins «Heavily armed warrior of the Kyrgyz kaganate» series «Age of the Kyrgyz kaganate» and the silver collection coin «Demoiselle» of the series «Red Book of Kyrgyzstan». 

The collection coin «Heavily armed warrior of the Kyrgyz kaganate» is the fifth coin issued in the series «Age of the Kyrgyz kaganate», dedicated to the 1170th anniversary of creation of the Great Kyrgyz Kaganate. 

The main plot of the obverse side of the coin is the image of a heavily armed warrior, made by the local oxidation technology. The coin circumference shows an inscription with the name of the coin: «Кыргыз каганатынын шайма-шай куралданган жоокери» («Heavily armed warrior of the Kyrgyz kaganate»). The denomination of the coin (10 сом) is specified on the left side of the coin. 

The reverse side of the coin depicts the coat of arms of the Kyrgyz Republic in the center framed by a stylized image of the sun, the coin circumference shows the stylized depictions of warriors. The left part of the coin specifies alloy of metal (Ag 925°), the right part - the weight of the coin (28.28). The upper part of the coin gives an inscription: «Улуу Кыргыз каганаты» («Age of the Kyrgyz kaganate») and the lower part of the coin - the year of coin issue (2017). 

The collection coin «Demoiselle» issued by the National Bank of the Kyrgyz Republic in order to popularize and preserve the rare species of fauna of Kyrgyzstan listed in the Red Book of Kyrgyzstan. 

The main plot of the obverse side of the coin is the image of two Demoiselles made by the local gilding technology. The stylized images of dancing cranes are depicted on the back side. The upper part of the coin shows an inscription with the name of the coin: «Каркыра» («Demoiselle») in the Kyrgyz language and the Latin name of the species «Anthropoides virgo», while the lower part of the coin displays the denomination of the coin (10 сом). The alloy of metal (Ag 925°) and the weight of the coin (28.28 г) are given on the right side of the coin. 

The coat of arms of the Kyrgyz Republic is depicted in the center on the reverse side of the coin. The coin circumference is provided with the illustrated species of fauna of Kyrgyzstan. The lower part of the coin shows an inscription «Кыргызстандын Кызыл китеби», («The Red Book of Kyrgyzstan») and the left side - the year of the coin issue (2017). 

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) 

Heavily armed warrior of the Kyrgyz kaganate 

10 Som 

Ag 925° 

38,61 

28,28 

«Proof-like» 

1 000 

3 000 

1 Som 

CuNi 

30,00 

12,00 

«Uncirculated» 

5 000 

200 

Demoiselle 

10 Som 

Ag 925° 

38,61*28,81 

28,28 

«Proof» 

1 000 

3 150 

 

 

The coins have the status of the legal tender in the territory of the Kyrgyz Republic.  

 

 

 

 

 

 


Date: 10.11.2017
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On the 11th and 12th of November 2017 y., the web site of the National bank of the Kyrgyz Republic www.nbkr.kg will not work from due to the planned maintenance work. We apologize for any inconvenience. 

 


Date: 27.10.2017
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In Kyrgyzstan, the mission of the International Monetary Fund began its work. 

 

On October 26, 2017, the mission of the International Monetary Fund (IMF) began its work in the Kyrgyz Republic.  

The purpose of the visit is to conduct the Fourth and Fifth Reviews of the economic program within the framework of the IMF extended credit facility (ECF). 

During the visit the IMF Mission team will meet with the 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 November 8, 2017. 

 

For reference: 

In April 2015, the IMF Executive Board approved a new three-year agreement to support the economic program of the Kyrgyz Republic within the framework of an extended credit facility (ECF) in an amount equivalent to 66.6 million special drawing rights (approximately $ 92.4 million). The aim of the program is to ensure macroeconomic stability and sustainable economic development of the country in the medium term