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The National Bank started selling gold bars with the weight ranging from 1 to 100 grams  

Since May 7, 2015, the National Bank of the Kyrgyz Republic started selling the refined small gold bars.  

In opening the press-conference dedicated to the initiation of selling gold bars, the Chairman Tolkunbek Abdygulov emphasized that the National Bank issued refined small gold bars for the first time. “The idea to issue gold bars appeared a year ago, and this year the National Bank implemented this idea with the support of the head of the state and parliament”, he added.  

The head of the National Bank noted that the gold bars are to be issued to reduce the dollarization of the national economy, to provide the citizens with the alternative possibility for investments in gold, not only in foreign currency. In addition, the project will contribute to the development of the jewelry industry in the republic. “Small gold bars are new banking products used for investment purposes, which are secure financial investments in the future. During the period of instability in the foreign exchange markets, most investors prefer to invest in more stable metal market, focusing on the gold rate. With decreasing of the exchange rate the rate of gold usually rises. Therefore, high reliability of money investing, upward trend of value is generally peculiar for all precious metals. Precious metals in small bars is also an opportunity to use them as a memorable and valuable gift “, said T. Abdygulov.   

The Chairman added that the first lot of bars weighing from 1 to 31 grams was made from Kazakh gold; 100 grams were made of the Kyrgyz gold at the refinery plant “Kyrgyzaltyn”. “Currently, the technical capability of the plant does not provide the possibility to make small bars. We plan to localize the production of gold bars from domestic raw materials at the second phase of the project. The possibility to issue silver small bars is being considered,” informed T. Abdygulov.  

The head of the Cash Management Department of the National Bank Shamil Aidarkulov told more about selling of gold bars. According to him, gold bars weighing 100 grams are placed in individual boxes with attached certificate, while the bars weighing 1, 2, 5, 10 and 31.1035 grams are issued in protected packaging, which is a certificate at the same time. “The integrity of protected packaging-certificate guarantees the authenticity of small bars and ensures prompt payment to the client in case of repurchase. If the packaging-certificate of a small bar is missing or damaged, a small bar shall be subject to detailed examination by the National Bank,” he said.  

“Gold small bars require careful treatment. High fineness of precious metal causes its extraordinary softness: surface is scratched from even touches of the fingers, cloth or napkin. The probability of contamination or damage to the metal increases, when you open a protected packaging. If the surface is damaged by scratches and fingerprints, the metal immediately loses its value and can be sold at the price of scrap and, respectively, lower than the cost of the precious metal. Therefore, do not open the packaging with a small bar “, said Sh. Aidarkulov.  

After the press conference, the representatives of mass media visited the working cash department on selling of gold bars, where experts from the National Bank showed the work of special equipment, which determines the weight and fineness of the metal.  

Gold small bars are sold by the National Bank with the right of their repurchase, if a small bar in the intact packaging-certificate is not damaged. The purchase price of small bars is established on a daily basis in the national currency and is posted on the website of the National Bank in the section “Bars”.  

Technical specifications of small bars:  

 Weight (g)  

Metal  

Fineness  

1  

Gold °  

999.9  

2  

Gold  

999.9°  

5  

Gold  

999.9°  

10  

Gold  

999.9°  

31.1035  

Gold 

999.9°  

100  

Gold 

999.9°  

Sale and repurchase of small bars is carried out on a daily basis from 09:00 am to 15:00 pm, except of Saturday and Sunday, at the following address:  

- 101, Umetaliev Street, Bishkek city. Tel.: (312) 66-91-41 or 66-92-31  

- 119, Kurmanjan Datka Street, Osh city. Tel.: (3222) 2-12-7 and 2-12-20  

The National Bank of the Kyrgyz Republic congratulated the former employee - War Veteran with the 70th anniversary of Victory in the Great Patriotic War  

On the eve of the 70th anniversary of the Victory in the Great Patriotic War, the Chairman of the National Bank Mr. Tolkunbek Abdygulov on behalf of the National Bank of the Kyrgyz Republic congratulated the former employee, a veteran of the Great Patriotic War Mr. Grigory Lazarenko. 

Mr. Abdygulov, referring to the veteran and his wife Ms. Alexandra Lazarenko said: “This year we celebrate the 70th anniversary of the Great Patriotic War Victory. Victory Day is a sacred holiday for the peoples of post-Soviet countries. The events of those years, dedication, courage and heroism of Soviet soldiers are inscribed in history with golden letters. It is our duty to preserve the memory of the Great Patriotic War, of the people gone on the battlefields, pay tribute to the peaceful blue sky to the veterans of the war.” 

At a meeting with representatives of the National Bank Mr. Lazarenko told about the years of war, service in the Soviet Army, the post-war period, student life and the beginning of his career in the USSR State Bank. 

On behalf of the National Bank Mr. Abdygulov awarded to the veteran of the war a commemorative silver coin issued by the main bank in the country specifically for the 70th anniversary of the Victory in the Great Patriotic War. 

The television program series “The National Bank informs” in Kyrgyz and Russian languages aired the domestic channels were devoted to the War Veteran Mr. Lazarenko.  

Information:  

Mr. Grigory Lazarenko was born in 1925 in Pyhovka village, Novo-Hopersky district of Voronezh region. Member of the Great Patriotic War, served in parts II Byelorussian Front. 

In October 1945, after demobilization from the Soviet Army, he entered the Tashkent Institute of Finance and Economics, which he graduated in 1949 with a degree in “Finance-economics”. After graduation he was assigned to work in the Issyk-Kul regional office of the State Bank of the USSR (now the National Bank of the Kyrgyz Republic), where he worked until 2007. 

Mr. Lazarenko is an experienced mentor who trained a generation of bank employees; actively participated in the creation of methodological and regulatory accounting, development of accounting policies and procedures, improvement of the internal control system that ensures the effectiveness and efficiency of operations, their compliance with the policy of the bank and the existing provisions. 

For long-term and fruitful service in the USSR State Bank Mr. Lazarenko was awarded the Order “Red Banner of Labor”, Honorary Diploma of the Supreme Soviet of the Kirghiz SSR, a badge “Excellence in the State Bank”, Certificate of Merit of the Board of the State Bank of the USSR and the Central Committee of trade union of workers of public institutions, and for fair longstanding work he was awarded the medal “Veteran of Labour”. 

 Licenses to the following exchange offices were issued: 

1. “Temirchyn” LLC (License No.5261 as of May 6, 2015 giving the right to conduct exchange transactions in cash foreign currency). Legal address: Asanaliev Street, Kyzyl-Kiya town, Batken oblast, central gates “Aibek” market. 

2. “Moneta Plus” LLC (License No.5262 as of May 6, 2015 giving the right to conduct exchange transactions in cash foreign currency). Registration number of the exchange office is 3259. Legal address: 1 Kozhevennaya Street, Dordoi market, Chimkentskaya auto park. 

3. “Raduga Gapar” LLC (License No. 5263 as of May 6, 2015 giving the right to conduct exchange transactions in cash foreign currency). Registration number of the exchange office is 3260. Legal address: 38 Prospect Mira, Bishkek city. 

4. “KOILI-ATA” LLC (License No.5264 as of May 6, 2015 giving the right to conduct exchange transactions in cash foreign currency). Legal address: unnumbered, Bakiev Street, Central market, Jalalabad oblast, Jalalabad town (shoes market “Maryam”). 

5. “Bilal-J” LLC (License No.5265 as of May 6, 2015 giving the right to conduct exchange transactions in cash foreign currency). Legal address: unnumbered, N. Aitmatova Street, Central market, Jalalabad town, Jalalabad oblast (entrance from part of the Mayors Office, 1-st raw, 2-nd building from the left). 

6. “Company “Kama-Kyrgyzstan” LLC (License No. 5266 as of May 8, 2015 giving the right to conduct exchange transactions in cash foreign currency). Registration number of the exchange office is 3261. Legal address: Aprt. # 1, 84 Toktogul Street, Bishkek city. 

 

Licenses of the following exchange offices were withdrawn: 

 

1. The license of the Individual Entrepreneur Ibragimov Kuttubek Kerimbaevich under No. 5029 as of July 30, 2012 giving the right to conduct exchange transactions in cash foreign currency was withdrawn. Legal address: 150 Abdrahmanov Street, exchange office “Kut”, Bishkek city. 

 

 

Interbank Payment Systems (IPS) indicators 

 

 

 

Total IPS 

Including 

Clearing system 

Gross system  

Clearing system 

Clearing system 

Volume, 

KGS 

Q-ty,  

Pc.  

Volume, 

KGS 

Q-ty,  

Pc.  

 

Indicators for the period from May 4 to May 7, 2015 (reporting period) 

Absolute Value 

25 865 946 277.42 

41 807 

1 427 203 115.87 

37 660 

24 438 743 161.55 

4 147 

Share in IPS payments (%)  

100.0 

100.0 

5.5 

90.1 

94.5 

9.9 

including 

(%):   

  

  

  

  

  

  

Net positions of the Common Interbank Processing Center 

0.2 

1.7 

3.2 

1.9 

0.0 

0.0 

Outgoing to the Central Treasury   

15.0 

11.2 

25.8 

12.4 

14.4 

0.5 

Incoming to the Central Treasury  

12.7 

44.1 

12.4 

48.7 

12.7 

2.4 

Outgoing to the Social Fund   

0.6 

2.4 

11.2 

2.7 

0.0 

0.0 

Incoming to the Social Fund  

0.2 

5.7 

4.2 

6.3 

0.0 

0.0 

Average weekly indicators for the last month 

Absolute Value 

29 047 074 659.51 

64 969 

1 831 279 339.17 

59 130 

27 215 795 320.34 

5 839 

 

Deviation of indicators for the reporting period from average weekly indicators for the last month  

Absolute Value 

-3 181 128 382.09 

-23 162 

-404 076 223.30 

-21 470 

-2 777 052 158.79 

-1 692 

-11.0 

-35.7 

-22.1 

-36.3 

-10.2 

-29.0