The National Bank of the Kyrgyz Republic held a discussion of the draft Agreement on Import of Banking Equipment in the territory of the Kyrgyz Republic, the development of the national payment system and the upcoming Global Money Week. 

 

The Deputy Chairman of the National Bank of the Kyrgyz Republic Mrs. Baktygul Jeenbaeva met with representatives of commercial banks and the union of legal entities "Union of Kyrgyz Banks". 

The parties discussed the draft agreement "On Import of Banking Equipment in the Territory of the Kyrgyz Republic for 2015-2017". 

Mrs. Baktygul Jeenbaeva reported that in January 2015, members of the Parliament of the Kyrgyz Republic approved the draft law "On amendments to the Tax Code of the Kyrgyz Republic". The present Law provides an exemption from VAT payments on import of banking equipment. 

"At the plenary session the members of the Parliament expressed their desire for the imported equipment to be installed only in the regions of the country to ensure public access of the regions to the banking and payment services," said Mrs. Baktygul Jeenbaeva. 

Thus, the adoption of the present Agreement will allow to provide ATMs, POS-terminals, payment terminals, bank kiosks in the remote regions of the Kyrgyz Republic within the framework of the "State Program on the Increase in the Proportion of Non-Cash Payments and Settlements in the Kyrgyz Republic for 2012-2017". 

Such measure will contribute to the further expansion of the non-cash payment collection infrastructure in the regions of the country and the development of the payment system in the Kyrgyz Republic. 

The Deputy Chairman urged the representatives of commercial banks to pay special attention to the development of the national payment system "Elcart" to ensure the economic security of the country. 

"From January 1, 2015 the employees of the National Bank have completely switched to the "Elcart" card payroll project. Now we are going to work in this sphere as to ensure that the state-financed organizations and state institutions also shift to the national payment system payroll projects," said Mrs. Baktygul Jeenbaeva. 

In conclusion, Mrs. Baktygul Jeenbaeva reported that within the framework of events on the improvement of financial literacy among the public, from March 9 to 17, the country would host the Global Money Week under the auspices of the National Bank of the Kyrgyz Republic. For a greater coverage of the population in the campaign, other financial institutions, associations and international organizations will also join the event. The framework of GMW provides for the arrangement of seminars, trainings, presentations on financial topics in schools of general education, secondary and higher educational institutions, organization of a national drawing competition among school-age children and excursions to the financial institutions. Mrs. Baktygul Jeenbaeva urged the banking sector not to stand on the sidelines of this event.