The Decree of the Board of the National Bank of the Kyrgyz Republic under No.54/2 as of December 8, 2014 introduced amendments to the order of observing the mandatory reserve requirements by the commercial banks on a daily basis.  

 

The Decree of the Board of the National Bank of the Kyrgyz Republic under No.54/2 as of December 8, 2014 introduced amendments to the Decree of the Board od the National Bank of the Kyrgyz Republic On daily minimal level of mandatory reserves of the banks” as of November 14, under No.50/1. According to the adopted Decree, from December 15, 2014 it is defined that the amount of the funds in the correspondent account of each commercial bank in the National Bank for the fulfillment of mandatory reserve requirements on a daily basis shall constitute not less than 90 percent of the total amount of mandatory bank reserves set for the corresponding period.