NBKR's news
Date: 11.06.2025
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On June 3, 2025, the National Bank of the Kyrgyz Republic issued license No. 01- ИБ for the right to conduct banking operations in accordance with the Islamic principles of banking and finance in the national and foreign currency, replacing license No. 040 dated June 22, 2017, in connection with the transformation of “EcoIslamicBank” CJSC into an Islamic bank.
Previously, “EcoIslamicBank” CJSC carried out activities in accordance with the Islamic principles of banking and finance within the framework of the pilot project to introduce the Islamic principles of finance according to the Memorandum “On Mutual Understanding between the Kyrgyz Republic and the Islamic Development Bank and “Ekobank” regarding the introduction of Islamic banking and finance in the Kyrgyz Republic” dated May 16, 2006, ratified by Decree of the President of the Kyrgyz Republic No. 373 dated July 12, 2006 (Resolution of the Board of the National Bank of the Kyrgyz Republic No. 41/1 dated December 18, 2006).
Date: 11.06.2025
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In response to information circulating in the media and on online platforms regarding the planned launch of a digital asset named USDKG in the third quarter of 2025 – allegedly backed by gold reserves purchased from the National Bank of the Kyrgyz Republic in the amount of USD 300 million – the National Bank makes the following official statement.
The National Bank of the Kyrgyz Republic has not conducted and is not conducting any gold sales for projects involving the issuance of digital assets, including the USDKG.
The National Bank’s operations related to the management of the country’s international reserves, including gold transactions, are carried out strictly in accordance with the approved investment policy and only through a limited number of highly reliable counterparties with an international credit rating of no less than “A” from leading rating agencies. Any transactions related to the management of international reserves undergo rigorous internal procedures for risk assessment and compliance.
The National Bank of the Kyrgyz Republic is an independent institution operating on the basis of the Constitution and the Constitutional Law of the Kyrgyz Republic “On the National Bank of the Kyrgyz Republic” and makes all decisions – including those related to the management of international reserves – independently from other state authorities. This ensures the preservation of financial stability and the protection of the country’s long-term economic interests.
The National Bank emphasizes that it is not involved in any projects related to the issuance of digital currencies or stablecoins and has not granted any permission to use its name or assets in marketing materials or legal documents.
We urge media outlets and interested parties to thoroughly verify information obtained from unofficial sources and to refrain from disseminating false or misleading data that may misinform the public and financial market participants.
Date: 09.06.2025
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On June 5, 2025, a seminar for media representatives entitled “Activities of the National Bank in the Context of Modern Challenges” was held at the National Bank of the Kyrgyz Republic with the participation of the Deputy Chairman of the National Bank Azat Kozubekov.
Azat Kozubekov noted in his welcoming speech that the National Bank attaches great importance to interaction and cooperation with media representatives.
“Our joint work allows us to effectively communicate with the population, promptly convey the most important and useful information to citizens. We are always open to dialogue and exchange of opinions,” emphasized the Deputy Chairman of the National Bank.
During the seminar, journalists were provided with the presentations on the main areas of activity of the National Bank, as well as the information on the monetary policy being pursued, the situation in the banking and payment systems, the digitalization of banking services, the protection of citizens from fraud, etc.
The event was held in the format of a conversation. Media representatives were able to ask questions that interested them, to which representatives of the National Bank provided detailed answers.
Date: 04.06.2025
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The National Bank of the Kyrgyz Republic and the People’s Bank of China Discussed Expanding Cooperation
On June 4, 2025, the Chairman of the National Bank of the Kyrgyz Republic, Melis Turgunbaev, met with the Chairman of the People’s Bank of China Pan Gongsheng in Beijing (PRC).
During the negotiations, the parties discussed the current state and prospects of Kyrgyz-Chinese cooperation in the financial sector. Particular attention was paid to the development of central bank digital currencies, strengthening ties between the central banks of the two countries, and expanding the use of national payment infrastructures.
The parties expressed mutual appreciation for their long-standing and constructive cooperation, including the exchange of experience in the development and implementation of digital currencies. It was noted that such initiatives contribute to the digital transformation and sustainable development of the financial systems of both countries.
Given the steady growth in bilateral trade and the expansion of economic ties, practical measures to stimulate settlements in national currencies were considered. Such measures included connecting banks of the Kyrgyz Republic to China’s CIPS cross-border payment system and opening correspondent accounts with authorized banks in China.
The parties confirmed their intention to continue mutually beneficial cooperation in key areas of activity of the central banks of the two countries.
Date: 04.06.2025
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The Chairman of the National Bank took part in the meeting of Ministers of Finance and Chairmen of Central (National) Banks of the SCO Member States
On June 3, 2025, the meeting of Ministers of Finance and Central (National) Bank governors of the Shanghai Cooperation Organization (SCO) member states was held in Beijing, chaired by the People’s Republic of China. The Kyrgyz Republic was represented by Melis Turgunbaev, Chairman of the National Bank, and Almaz Baketaev, Minister of Finance.
The meeting was attended by heads of financial departments and Central (National) Banks of SCO countries, as well as representatives of the SCO Secretariat.
During the meeting, participants discussed the current macroeconomic situation in the world, the region, and individual SCO countries, and exchanged views on issues related to deepening financial and economic cooperation.
The parties considered initiatives to create a SCO Financing Platform, develop inclusive digital finance, expand the use of national currencies in settlements between SCO countries, form a network of analytical centers on financial issues, and establish a SCO Development Bank.
Following the discussion, the representatives of the Ministries of Finance and Central (National) Banks supported the initiative to establish a SCO Development Bank and expressed their readiness to continue consultations on the technical aspects of its formation.
The participants also approved the creation of a network of SCO analytical centers on financial topics, which will become an independent expert platform for the exchange of knowledge and best practices in the field of financial policy.
In the context of increased global economic instability, the parties confirmed their commitment to strengthening cooperation in the areas of macroeconomic coordination and financial stability, as well as to further unlocking the economic potential of the SCO member states.
During the event, the participants also met with Ding Xuexiang, Vice Premier of the State Council of the People’s Republic of China, to discuss current issues of economic development and prospects for expanding integration cooperation within the SCO.
Date: 03.06.2025
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The Chairman of the National Bank and Minister of Finance of the Kyrgyz Republic held a meeting with the Minister of Finance of the People’s Republic of China on the issues of cross-border payments
On June 3, 2025, in Beijing, at the site of the Ministry of Finance of the People’s Republic of China, a bilateral meeting was held between the Chairman of the National Bank of the Kyrgyz Republic Melis Turgunbaev and the Minister of Finance of the Kyrgyz Republic Almaz Baketaev with the Minister of Finance of the People’s Republic of China Lan Fo'an.
The meeting was organized within the frames of the deepening of bilateral financial and economic cooperation between the Kyrgyz Republic and the People’s Republic of China.
The main topic of the negotiations was the development of cross-border payment infrastructure and the strengthening of settlement and banking ties between the two countries.
During the meeting, the strategic importance of establishing direct and sustainable channels of interaction between the financial institutions of the two countries was emphasized, in particular the initiative to connect the state banks of the Kyrgyz Republic to the Chinese cross-border interbank payment system CIPS, as well as the opening of correspondent accounts of Kyrgyz banks in authorized banks of China.
The implementation of these mechanisms will significantly simplify and reduce the cost of settlements between the countries, especially in the segment of foreign trade operations and settlements in yuan. It will also contribute to the development of bilateral trade, the creation of a stable and reliable payment infrastructure, and the transition to wider use of national currencies.
The Kyrgyz side expressed its readiness to provide the necessary coordination and technical support for the successful implementation of the proposed initiatives.
The parties agreed to continue constructive dialogue and work out practical steps to implement the discussed areas of cooperation.
Date: 02.06.2025
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The Memorandum of Cooperation has been signed between the National Bank of the Kyrgyz Republic and the Central Bank of the Kingdom of Bahrain
On June 1, 2025, an official meeting was held in Manama (Kingdom of Bahrain) between Melis Turgunbaev, the Chairman of the National Bank of the Kyrgyz Republic, and Khalid Ibrahim Humaidan, the Chairman of the Central Bank of the Kingdom of Bahrain.
The visit of the Chairman of the National Bank of the Kyrgyz Republic took place in furtherance of the agreements reached during the recent state visit of the President of the Kyrgyz Republic to the Kingdom of Bahrain. During the presidential visit, the parties confirmed their mutual interest in strengthening bilateral partnership, including the development of cooperation in the financial and economic sphere. The signing of the interbank memorandum was the first practical step towards implementing the agreements reached at the highest level.
During the meeting, the parties discussed a wide range of issues related to deepening cooperation between central banks, as well as between financial institutions of the Kyrgyz Republic and the Kingdom of Bahrain. Particular attention was paid to the exchange of experience in the field of banking regulation, issues of financial market development, and the prospects for promoting Islamic finance.
The key outcome of the meeting was the signing of the Memorandum of Cooperation between the National Bank of the Kyrgyz Republic and the Central Bank of the Kingdom of Bahrain, which lays a solid institutional foundation for strategic partnership and long-term cooperation between the two countries.
The signing of the Memorandum is a significant event that opens a new page in the history of Kyrgyz-Bahraini relations. The document confirms the parties’ commitment to expanding cooperation in key areas of central bank activity, including joint research, professional development, exchange of information in the field of monetary policy, and the promotion and implementation of Islamic banking principles.
Given the growing role of Islamic finance in the global economy, cooperation with the Kingdom of Bahrain, one of the recognized international centers of Islamic finance, represents a unique opportunity for the Kyrgyz Republic to introduce best practices in this area and intensify the attraction of investments that comply with Sharia principles.
The National Bank of the Kyrgyz Republic considers the signing of the Memorandum to be an important step not only in strengthening interbank cooperation, but also as a contribution to the development of economic and financial dialogue between the Kyrgyz Republic and the Kingdom of Bahrain as a whole.
Date: 30.05.2025
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On May 30, 2025, on the eve of the International Children’s Day and with the aim to improving the level of children’s financial literacy, the National Bank held a field guest lecture for the foster children of the temporary residence shelter and children studying under the program of day care centers of the Public Association “Child Protection Center”.
During the guest lecture, the children were given a presentation on the basics of financial literacy, information about the training website of the National Bank “Finsabat”, and quizzes and games were held.
At the end of the guest lecture, the active participants were awarded gifts.
Date: 30.05.2025
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On May 30, 2025, the Deputy Chairman of the National Bank of the Kyrgyz Republic, M. Attokurov, took part in the Bishkek International Finance Forum BIFF-2025: “Innovations, Digital Transformation and Sustainable Development: The Future of the Financial Ecosystem”.
During his speech, the Deputy Chairman of the National Bank noted that the issues of digital transformation of financial services are not only relevant, but also vital for sustainable growth of the country. At the same time, M. Attokurov emphasized that modern technologies not only open up enormous opportunities, but also create new challenges.
“The National Bank realizes the importance of adapting the financial system to these changes. In the conditions of rapid development of technologies, it is necessary to note the importance of the work carried out by the National Bank to create a favorable regulatory environment, which promotes the introduction of innovations, digitalization of financial services and increasing their accessibility,” the Deputy Chairman of the National Bank said.
In addition, M. Attokurov added that in connection with the growth of cyber threats, one of the priority areas of the National Bank’s activities is to ensure digital security and protect consumers of financial services from fraudulent transactions.
The participants of the meeting discussed current issues related to the digitalization of financial services, cybersecurity, development of innovative ecosystems, etc.
The financial forum was attended by the Chairman of the Cabinet of Ministers of the Kyrgyz Republic A. Kasymaliev, representatives of international organizations, the banking and financial sectors of the Kyrgyz Republic and foreign experts.
Date: 30.05.2025
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On May 29, 2025, the Osh Regional Department of the National Bank of the Kyrgyz Republic held a scheduled field lecture on financial literacy for the population and employees of the aiyl okmotu of Kara-Tash aiyl aimak of Nookat district, Osh oblast.
The information on the role and functions of the National Bank of the Kyrgyz Republic, the history of the origin of the national currency, the stages of its development and signs of protection was provided during the lecture. In addition, the audience got acquainted with the types of loans and deposits, electronic financial services; topics on financial security and consumer protection, as well as on the rational use of funds, savings behavior, financial planning, setting financial goals, making family and personal budgets were discussed.
Date: 30.05.2025
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On May 28, 2025, the employees of the Jalal-Abad Regional Department of the National Bank of the Kyrgyz Republic held a scheduled field lecture on financial literacy for the population of Kara-Kul town, Jalal-Abad oblast. The lecture was held in the building of the Kara-Kul Mayor’s office. It was attended by about 40 people.
During the lecture, the representatives of the National Bank spoke about the reasonable use and spending of money, protecting finances from possible risks, financial planning, setting financial goals, making family and personal budgets, and played out situations with the analysis of financial issues.
In addition, the information about the activities on the development of QR codes in the Kyrgyz Republic, national QR standards, rules for making payments using two-dimensional barcode symbols (QR code), digital financial services and tools was presented.
Date: 28.05.2025
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On May 27, 2025, within the frames of the program to improve financial literacy of the population the employees of the Talas Regional Department of the National Bank of the Kyrgyz Republic held a field lecture for the residents of Kok-Kashat village, Talas district, Talas oblast.
During the lecture, the participants were provided with the information on family budget, savings, borrowing relations, protection of the rights of consumers of financial services and the increasing cases of financial fraud using modern technologies.
Date: 28.05.2025
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The Chairman of the National Bank Took Part in the First Meeting of the Council of Central Banks of the Organization of Turkic States
The Chairman of the National Bank of the Kyrgyz Republic, Melis Turgunbaev, took part in the first meeting of the Council of Central (National) Banks of the Member States of the Organization of Turkic States (OTS) held on May 27, 2025 in Astana.
During the meeting, the participants discussed the current macroeconomic situation, key areas of monetary policy, as well as issues related to ensuring financial stability, developing national payment systems and introducing digital financial technologies in the OTS member states.
Within the frames of the event, the heads of Central (National) Banks met with the President of the Republic of Kazakhstan Kassym-Jomart Tokayev, during which they exchanged views on the issues of economic development in the region, as well as the prospects for deepening cooperation between the Central Banks of the OTS member states.
The Council was established in accordance with the Memorandum on Establishment of the Council of Central (National) Banks of the OTS Member States signed on November 6, 2024 in Bishkek. The Council consists of the heads of Central (National) Banks of Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan, Hungary (in the status of an observer), as well as the Secretary General of the OTS.
The next meeting of the Council is scheduled for 2026 and will be held in the Republic of Azerbaijan.
Date: 27.05.2025
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National Bank kept its policy rate unchanged at 9.00 percent.
Date: 21.05.2025
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On May 20, 2025, the Osh Regional Department of the National Bank of the Kyrgyz Republic held a planned field lecture on financial literacy for children of secondary school named after Lenin of Kara-Myk village of Jekendinsky aiyl aimak of Chon-Alay district, Osh oblast.
The information on the role and functions of the National Bank, history of the national currency, stages of its development and security features, rational use of money and saving behavior was provided during the lecture.
Date: 19.05.2025
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On May 16, 2025, within the frames of the International Museum Day, an open day was held in the Numismatic Museum of the Osh Regional Department of the National Bank.
The guests were familiarized with the history of creation and development of the national currency, with the stages of production of banknotes and coins, with the exposition devoted to the history of monetary circulation of Kyrgyzstan during the period of prosperity of the Great Silk Road, with the collection coins issued by the National Bank for 1995-2025.
In addition, the visitors listened to lectures on the history of the national currency, stages of its development and security features.
Date: 19.05.2025
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On May 15, 2025, the Jalal-Abad Regional Department of the National Bank of the Kyrgyz Republic with the participation of journalists of Jalal-Abad TV and Radio Company held a lecture for the first year students of the Jalal-Abad State University named after B. Osmonov of Jalal-Abad city, timed to the day of introduction of the national currency of the Kyrgyz Republic - som.
During the lecture, the representatives of the National Bank spoke about the history of the national currency - som, the stages of its development and security elements, as well as about the numismatic values of the National Bank.
The numismatic exhibition of collectible coins issued by the National Bank was organized for the participants of the lecture. Also the representatives of the National Bank gave an interview to the journalists of Jalal-Abad TV and Radio Company about the held event.
Date: 19.05.2025
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On May 16, 2025, the National Bank of the Kyrgyz Republic in honor of the International Museum Day held an open day in the Numismatic Museum of the National Bank.
The guests were familiarized with the history of creation and development of the national currency, with the stages of production of banknotes and coins, with the exposition devoted to the history of monetary circulation of Kyrgyzstan during the period of prosperity of the Great Silk Road, as well as numismatic values issued by the National Bank for 1995-2025.
About 150 people visited the open day.
The Numismatic Museum of the National Bank is open on weekdays from 10:00 to 16:00, pre-registration by phone: 0 (312) 66-90-08; 0 (312) 61-24-14 or by e-mail: mail@nbkr.kg.
Date: 19.05.2025
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On May 14, 2025, within the frames of the program to improve financial literacy of the population, the employees of the Issyk-Kul Regional Department of the National Bank of the Kyrgyz Republic held guest lectures for high school students of the secondary school named after Zuurakan Batyrbaeva in the village of Ichke-Suu of Issyk-Kul oblast.
During the lecture, the information on the history of formation of the national currency - Kyrgyz som, national QR standards and rules of making payments using two-dimensional barcode symbols (QR code), as well as on financial fraud, was presented.
In addition, the exhibition of numismatic values of the National Bank of the Kyrgyz Republic was organized on May 13-14.
Date: 12.05.2025
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On May 12, 2025, the National Bank of the Kyrgyz Republic held a solemn event dedicated to the Day of the Bank Employee of the Kyrgyz Republic. This professional holiday has become a good tradition uniting the employees of the financial industry.
Within the frames of the holiday, a solemn awarding ceremony was held for the best employees who showed high professionalism, responsibility and contribution to the development of the banking system.
The management of the National Bank expressed gratitude to the entire staff for their diligent labor and noted the importance of the banking industry’s mission in ensuring stability and economy of the country.
Date: 29.04.2025
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National Bank kept its policy rate unchanged at 9.00 percent.
Date: 28.04.2025
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The Chairman of the National Bank of the Kyrgyz Republic M.J. Turgunbaev took part in the Spring Meetings of the International Monetary Fund and the World Bank Group
From April 21 to 25, 2025, the Chairman of the National Bank of the Kyrgyz Republic M.J. Turgunbaev took part in the Spring Meetings of the IMF and the World Bank Group, which were held in Washington, USA.
At the site of the Spring Meetings of the IMF and the World Bank, bilateral meetings of the delegation of the National Bank of the Kyrgyz Republic with representatives of the IMF, foreign banks and financial institutions were held on issues of mutual cooperation, including monetary policy and ensuring financial stability.
The Chairman of the National Bank M.J. Turgunbaev also took part in a number of IMF events organized for the governors of central banks of the Middle East, Caucasus and Central Asia and in the meeting of the Swiss voting group of the IMF, which includes the Kyrgyz Republic. During these meetings the ongoing and new challenges to the global economy and priority economic policy measures of the IMF member countries were discussed.
Date: 28.04.2025
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PRESS RELEASE
of the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic, in honor of the celebration of the significant 80th anniversary of the victory in the Great Patriotic War, from April 28, 2025 puts into circulation a silver collection coin “80th Anniversary of Great Victory” of the “Historical events” series.
The Victory Day, May 9, remains for decades a day of unity, remembrance of the dead and gratitude for the heroism and selflessness of war veterans and home front workers. More than 150,000 Kyrgyz citizens were awarded orders and medals for their courage and bravery in the Great Patriotic War. 74 people were awarded the title of the Soviet Union Hero, 34 people became holders of the Order of Glory of three degrees, and more than 8,000 Kyrgyz people were awarded the certificates of honor by the Presidium of the Supreme Soviet of Kyrgyzstan.
An irreparable duty and a tribute of deep respect to those who perished and those who survived the war must not be forgotten.
The main plot of the obverse side of the coin “80th Anniversary of Great Victory” is the image of a stylized figure “80” in the shape of a festive salute. A star is depicted in the upper part of the coin. The lower part contains an image of a bouquet of red carnations framed by a ribbon as a symbol of grief and honor to those who died in the war. The inscription: “Улуу Жеңишке - 80 жыл / 80th anniversary of Great Victory” is around the coin circumference.
The center of the reverse side of the coin contains the coat of arms of the Kyrgyz Republic framed by the numbers “2025” and “1945” against the background of soaring doves symbolizing peace and freedom. The inscription: “Кыргыз Республикасынын Улуттук банкы / National Bank of the Kyrgyz Republic” is placed around the coin circumference. The metal alloy (Ag 925), the year of coin issue “2025” and the weight of the coin (28.28 g) are specified in the lower part of the coin.
The collection coin “80th Anniversary of Great Victory” is the legal tender in the territory of the Kyrgyz Republic.
Specifications of coin
|
Name |
80th Anniversary of Great Victory |
|
Face value |
10 Som |
|
Metal (alloy) |
Ag 925 |
|
Diameter (mm) |
38.61 |
|
Weight (g) |
28.28 |
|
Quality |
Proof |
|
Issue limit (pcs) |
800 |
Each collection coin placed in an acrylic capsule and packed in a separate box with a quality certificate attached.
The collection coins are sold at the cash desks of the National Bank of the Kyrgyz Republic institutions on working days from 9.00 a.m. till 2.00 p.m., as well as via the website for sale of the numismatic values: www.numizmat.nbkr.kg. The price of collection coin is 5 200 Som.
Date: 25.04.2025
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On April 24, 2025, the Osh Regional Department of the National Bank of the Kyrgyz Republic held a planned field lecture on the financial literacy for the residents of Papan aiyl aimak of Kara-Suu district, Osh oblast, and the employees of aiyl okmotu of the mentioned aiyl aimak.
The information on the role and functions of the National Bank of the Kyrgyz Republic, the history of the origin of the national currency, stages of its development and security elements was provided during the lecture. In addition, the listeners were familiarized with the types of loans and deposits, electronic financial services. The topics on financial security and consumer protection, as well as on the rational use of money, saving behavior, financial planning, setting financial goals, making family and personal budgets were discussed.
Date: 25.04.2025
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On April 24, 2025, the employees of the Jalal-Abad Regional Department of the National Bank held a planned field lecture for high school students of the private school “Bilimkana-Jalalabad” located in Jalal-Abad city.
During the lecture, the representatives of the National Bank spoke about the activities of the National Bank, the stages of development of the national currency - som, the main security elements of the national currency banknotes, as well as the rules of exchange of old banknotes for good ones.
In addition, the information on the importance of savings, various ways of preserving and multiplying existing savings was presented.
Date: 17.04.2025
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On April 16, 2025, the National Bank of the Kyrgyz Republic, with the assistance of the Mayor’s office of Bishkek, held a seminar on the financial literacy for employees of the municipal enterprise “Bishkekteploset”.
Within the frames of the event, the participants learned about the financial literacy and got acquainted with the information on government programs to improve the financial literacy of the population.
In the practical part, the participants discussed the issues of maintaining a personal budget, making savings, the need for borrowing, investment instruments, financial security measures, and were also provided with the information on electronic resources to improve the financial literacy.
The event was held in the form of an active discussion, during which participants were able to get answers to their questions.
About 50 people took part in the seminar.
Date: 17.04.2025
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On April 15, 2025, the Office of Foreign Assets Control (OFAC) of the US Department of Treasury conducted an online training on compliance with US sanctions requirements.
The training provided detailed explanations of the US sanctions policy, including measures to mitigate sanctions risks, screening and monitoring of transactions for sanctions, and the risks of cooperation with sanctioned banks and persons.
The training was attended by about 100 participants, including employees of the National Bank of the Kyrgyz Republic, heads of compliance and control services of almost all commercial banks, the Association of Legal Entities “Union of Banks of Kyrgyzstan”, the Ministry of Economy and Commerce of the Kyrgyz Republic, the Ministry of Finance of the Kyrgyz Republic, the Ministry of Foreign Affairs of the Kyrgyz Republic, and the State Financial Intelligence Service under the Ministry of Finance of the Kyrgyz Republic.
Date: 16.04.2025
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On April 15, 2025, within the frames of the events dedicated to the Global Money Week – 2025, the representatives of the Talas Regional Department of the National Bank of the Kyrgyz Republic held a guest lecture for high school students of the secondary school named after A. Usenbaev in Aral village of Manas district, Talas oblast.
During the lecture, the information was presented on the history of the formation of the national currency - the Kyrgyz som, on the need and importance of financial planning and increasing financial literacy of the population, as well as on the development of payments and transfers with the use of QR codes, on precautions against telephone fraud.
Date: 16.04.2025
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From April 11 to April 15, 2025, within the frames of the Global Money Week-2025 under the slogan “Think before you follow, wise money tomorrow”, the open days and lectures on the stages of development of the national currency, protective elements of the national currency, savings were organized in the Numismatic Museum of the Osh Regional Department of the National Bank for students of startup projects of the Osh State University, for students of the Aga Khan School and private school “Novator” of Osh city. The students and schoolchildren were also shown numismatic exhibits.
In addition, guest lectures on the stages of development of the national currency, protective elements of the national currency, loans, deposits, savings, as well as on measures to prevent the involvement of young people in financial fraud were held for students of STEM Innovation College under the Osh State University, for students of secondary schools No. 91 named after E. Alykulov and No. 88 named after M. Zairov of Papan village of Kara-Suu district.
The number of participants amounted to more than 300 people.
Date: 16.04.2025
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From April 8 to April 15, 2025, within the frames of the Global Money Week-2025, the employees of the Jalal-Abad Regional Department of the National Bank held field lectures for high school students of the innovative school-lyceum No. 14 named after S. Davletov, Kyrgyz-Turkish Lyceum named after Kurmanbek Baatyr and for students of the 1st and 2nd years of the International University named after K. Sh. Toktomamatov located in Jalal-Abad city.
During the lecture, the representatives of the National Bank spoke about personal money management, the structure of family income and expenditures, financial risk management, understanding the goals and benefits of savings.
Date: 15.04.2025
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On April 15, 2025, the National Bank held a seminar “The role and functions of the National Bank” for the students of the direction “Economics” of the International Kuwait University.
During the seminar students were provided with the information on the role and functions of the National Bank of the Kyrgyz Republic, in particular the implementation of monetary policy, regulation of banking activities and supervisory functions, as well as the basics of Islamic principles of finance in the Kyrgyz Republic.
At the end of the seminar, the students visited the numismatic museum of the National Bank.
Date: 15.04.2025
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From April 8 to April 14, 2025, within the frames of the events of the Global Money Week - 2025, the representatives of the Naryn Regional Department of the National Bank of the Kyrgyz Republic held lectures on financial literacy for employees of medical institutions of At-Bashy, Ak-Tala districts and for students of secondary school named after A. Taabaldiev of Jerge-Tal village, secondary school named after B. Bekzhanov of Orto-Nura village, secondary school named after O.Toktosunov of Dobolu village, Naryn district.
During the lecture, medical workers and students were provided with the information on the ways to preserve and multiply existing savings, financial security and the stages of development of the national currency.
Date: 15.04.2025
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On April 8-11, 2025, within the frames of the events dedicated to the Global Money Week-2025, the representatives of the Issyk-Kul Regional Department of the National Bank of the Kyrgyz Republic held guest lectures for high school students of Karakol city, where they presented the information about financial literacy, the history of formation of the national currency - the Kyrgyz som, national QR standards and rules of making payments with the use of two-dimensional barcode symbols (QR code), as well as about financial frauds.
In addition, the exhibition of numismatic values of the National Bank of the Kyrgyz Republic was organized.
Date: 14.04.2025
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On April 8 to April 11, 2025, within the frames of the events dedicated to the Global Money Week – 2025, the employees of the Representative Office of the National Bank of the Kyrgyz Republic in Batken oblast held guest lectures for high school students of secondary schools named after V.I. Lenin, S. Aitmatov, A. Imarov-Kyzyl Topu and for students of the Batken State University.
During the lecture, the representatives of the National Bank spoke about the wise use and spending of money, financial planning, setting financial goals, making family and personal budgets, protecting finances from possible risks, as well as analyzed situations on various financial issues.
In addition, the information was presented on the events to develop QR codes in the Kyrgyz Republic, national QR standards and rules for making payments using two-dimensional barcode symbols (QR code), as well as precautions against fraudsters.
Date: 14.04.2025
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On April 4, 2025, with the assistance of the British Embassy in the Kyrgyz Republic, the British law firm Fieldfisher held a training webinar on UK sanctions.
The webinar provided an overview of UK sanctions covering financial, trade, transport and tourism measures, as well as an update on recent developments in UK sanctions legislation, including the expansion of powers to impose sanctions on foreign financial institutions.
The event was attended by the employees of the Ministry of Economy and Commerce of the Kyrgyz Republic, the National Bank of the Kyrgyz Republic and commercial banks.
Date: 14.04.2025
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From April 8 to April 10, 2025, within the frames of the Global Money Week - 2025 under the slogan “Think before you follow, wise money tomorrow”, the employees of the Osh Regional Department of the National Bank of the Kyrgyz Republic held the guest lectures.
The participants of the lectures were students of secondary school No. 38 named after S. Eshmatov of Uzgen district, students of the Uzgen International Institute of Technology and Education named after B. Murzubraimov of Uzgen city, students of the boarding school-lyceum “Nookat Bilimkanasy” of Nookat district and the educational complex named after M. Gaparov of Nookat town, as well as residents of the ayil aimak “Tilektesh” of Alai district and students of secondary school No. 1 named after M. Adyshov of Alai district.
During the lecture, the information was presented on the stages of development of the national currency, protective elements of the national currency, what is a loan, deposit, savings, as well as measures to prevent youth involvement in financial fraud.
The number of participants of the guest lectures amounted to about 500 people.
Date: 11.04.2025
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On April 9-10, 2025, within the frames of the events dedicated to the Global Money Week – 2025, the representatives of the Talas Regional Department of the National Bank of the Kyrgyz Republic held guest lectures for high school students of the secondary school named after M. Chaldanbaev of Bakaiyr village, Aitmatov district and Urmaral secondary school of Urmaral village, Bakai-Ata district, Talas oblast.
During the lecture, the information was presented on the history of the formation of the national currency - the Kyrgyz som, the need and importance of financial planning and improving the financial literacy of the population, as well as the development of payments and transfers using QR codes, and precautions against telephone fraud.
Date: 10.04.2025
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The representatives of the Talas Regional Department of the National Bank of the Kyrgyz Republic within the frames of the events dedicated to the Global Money Week - 2025, on April 8, 2025, held a guest lecture for high school students of the secondary school named after Eshmambet uulu B. of Kyzyl-Tuu village, Talas district, Talas oblast.
During the lecture, the information was presented on the history of the formation of the national currency - the Kyrgyz som, the need and importance of financial planning and improving the financial literacy of the population, as well as the development of payments and transfers using QR codes, and precautions against telephone fraud.
Date: 10.04.2025
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The Global Money Week 2025 was headed by the Financial Fair
On April 8, 2025, within the frames of the Global Money Week, the National Bank of the Kyrgyz Republic held the financial fair in the National Historical Museum of the Kyrgyz Republic. It was attended by the representatives of the Ministry of Culture, Information and Youth Policy of the Kyrgyz Republic, the Ministry of Internal Affairs of the Kyrgyz Republic, the Agency for Protection of Deposits of the Kyrgyz Republic, the Union of Banks of Kyrgyzstan, the State Insurance Organization, commercial banks, microfinance and other organizations.
During the financial fair the participants - teachers and students of the universities, young people, secondary school students, residents and guests of Bishkek were provided with the presentations “Financial literacy: what is it and why is it needed?”, “Prevention of youth involvement in financial fraud”, “Financial security”, “How insurance helps to reduce financial risks?”, “Social conformism and financial security”.
At the financial fair, commercial banks and financial organizations presented the information on basic banking services: opening bank accounts and payment cards of commercial banks, as well as consultations on the questions that arose.
In addition, interactive games, competitions and quizzes were held. Active participants of the fair, as well as winners of competitions and quizzes were awarded with special prizes.
About 600 people took part in the financial fair.
Date: 10.04.2025
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Global Money Week - 2025 in Kyrgyzstan
On April 8, 2025, Kyrgyzstan will launch the annual financial literacy campaign Global Money Week under the slogan “Think before you follow, wise money tomorrow”, the relevance of which is due to help young people to search for and find the reliable information about financial instruments in the information space.
Within the frames of the Global Money Week, from April 8 to 15, various events will be held in all regions of the country in cooperation with government authorities, commercial banks, representatives of insurance companies and educational institutions: open classes, training seminars/lectures, open days and excursions to commercial banks, interactive games/competitions and quizzes. During the events, the information will be presented on financial security, developing money management skills and making smart financial decisions.
The plan of events: https://www.finsabat.kg/news/527, held within the framework of the Global Money Week is posted on the official website of the National Bank www.nbkr.kg and on the website www.finsabat.kg.
Reference:
The Global Money Week (GMW) is an annual large-scale campaign held since 2012 in 176 countries around the world. The goal of the campaign is to provide access to quality financial education for children and young people to provide information on money issues for further making smart financial decisions that will improve their future financial well-being and sustainability.
In Kyrgyzstan, the Global Money Week has been held since 2015, with the National Bank acting as the coordinator of the campaign.
Date: 27.03.2025
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On March 25, 2025, within the framework of the financial literacy program, the employees of the Issyk-Kul Regional Department of the National Bank of the Kyrgyz Republic held guest lectures for senior classes of the Kirov Secondary School in Ak-Suu village of Issyk-Kul oblast.
During the lecture, the information was provided on the history of the formation of the national currency - the Kyrgyz som, on making payments using QR codes, as well as on financial fraud.
Date: 26.03.2025
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For non-compliance with the requirements for maintaining the minimum threshold level from the required reserves stipulated by the regulatory legal acts of the National Bank of the Kyrgyz Republic (during the base period – from February 24 to March 23, 2025), a fine in the amount of KGS 86 943.2 was imposed on one commercial bank.
Date: 18.03.2025
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On March 14, 2025, the Commissioner for the Prevention of Corruption held a lecture in the National Bank of the Kyrgyz Republic on preventing a conflict of interests by the employees of the National Bank when performing their official duties.
During the lecture, the employees of the National Bank were familiarized with the requirements of the current legislation in the field of regulating a conflict of interests.
Date: 28.02.2025
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On February 28, 2025, the National Bank held a seminar for students of the Theology Faculty of the Kyrgyz State University named after I. Arabaev.
During the seminar, the students were provided with the information on the Islamic principles of finance in the Kyrgyz Republic, as well as the basics of financial literacy.
Upon completion of the seminar, the students visited the numismatic museum of the National Bank.
Date: 26.02.2025
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In connection with the appearance and sale of the so-called “souvenir” banknotes of the national currency with the inscription “not a means of payment” on the territory of the Republic, the National Bank of the Kyrgyz Republic informs the following:
According to Article 304 of the Code of the Kyrgyz Republic on Offenses, the use and reproduction of images of banknotes (coins) of the national currency or any semi-finished products of their images (in one or more colors), which by their properties (size, color, image) can be accepted in payment circulation for original banknotes of the national currency of the Kyrgyz Republic, shall entail the imposition of a fine on individuals in the amount of 55 estimated indicators, on legal entities – 170 estimated indicators.
The “souvenir” banknotes of the national currency sold on the territory of the Republic are the exact copies of original banknotes of the national currency, which by color, image and size are accepted for original banknotes.
“Souvenir” banknotes
The inscription “not a means of payment” on the “souvenir” banknotes does not exempt sellers and manufacturers of such banknotes from liability.
If the “souvenir” banknotes are found in cash circulation, they are classified as counterfeit. According to Article 233 of the Criminal Code of the Kyrgyz Republic, the manufacture for the purpose of sale or storage for the purpose of sale, as well as the sale of counterfeit banknotes is punished by a fine of 1,000 to 2,000 estimated indicators or imprisonment for up to five years.
The same acts committed on a large scale by a group of persons or by a group of persons by prior agreement are punished by imprisonment for a term of five to eight years.
Date: 26.02.2025
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On February 25, 2025, the meeting of partners – organizers of the Global Money Week-2025 in Kyrgyzstan (GMW-2025) was held at the National Bank of the Kyrgyz Republic. The concepts of events in honor of GMW-2025 were agreed upon at the meeting with the participation of commercial banks, non-bank financial and credit organizations and representatives of the insurance market.
The slogan of GMW-2025 is “Think before you follow, wise money tomorrow”. The relevance of this slogan is related to the need to help young people to search and find reliable information about financial instruments in the information space.
Within the frames of the campaign, the plan of activities (contests, lessons, lectures, quizzes/trainings, and other events) organized by partners in all regions of the country will be posted on the official website of the National Bank at www.nbkr.kg and www.finsabat.kg, as well as on the pages in social networks.
Date: 25.02.2025
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On February 24, 2025, the Osh Regional Department of the National Bank of the Kyrgyz Republic held a scheduled field lecture on financial literacy for activists of aiyl aimaks (rural districts) and employees of Toloikon aiyl okmotu (Toloikon local council) of Osh city.
The information on the role and functions of the National Bank of the Kyrgyz Republic, the history of the origin of the national currency, its development stages and security signs was presented at the lecture. The audience learned about the types of loans and deposits, investments, electronic financial services; topics on financial security and consumer protection were discussed, as well as on the rational use of funds, savings behavior, financial planning, setting financial goals, and drawing up family and personal budgets.
Date: 25.02.2025
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National Bank kept its policy rate unchanged at 9.00 percent.
Date: 11.02.2025
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On February 6, 2025, the employees of the Jalal-Abad Regional Department of the National Bank held a scheduled field lecture for the students of the 3rd and 4th years of the Economics Faculty of the International University named after K. Sh. Toktomamatov located in Jalal-Abad.
During the lecture, the representatives of the National Bank spoke about the key aspects of financial literacy, the activities of the National Bank and the main instruments of monetary policy.
In addition, an interactive game “Savings” was held with teachers and students. During the game, the participants got acquainted with such concepts as family budget, financial planning, understanding of the goals and benefits of savings, which is especially important for making decisions aimed at improving the quality of life.
Date: 06.02.2025
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On February 4, 2025, the Commissioner for the Prevention of Corruption held a lecture for the employees of the National Bank in connection with the adoption of the Law of the Kyrgyz Republic “On Amendments to Certain Legislative Acts of the Kyrgyz Republic in the Field of Combating Corruption”
During the lecture, the employees were familiarized with the innovations in the anti-corruption legislation of the Kyrgyz Republic.
Date: 06.02.2025
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From January 28 to February 2, 2025, the National Bank of the Kyrgyz Republic took part in the annual World Money Fair, Berlin, Germany.
The purpose of the National Bank’s participation in the World Money Fair was to present and popularize the history and culture of Kyrgyzstan through the national currency.
The exposition of the National Bank at the exhibition was represented by banknotes and collectible coins of the national currency reflecting the historical and cultural heritage of Kyrgyzstan, issued in such series as “Historical Events”, “The Epoch of the Kyrgyz Khaganate”, “Historical and Architectural Monuments of Kyrgyzstan”, “Kyrgyz Customs and Rituals”, “National Musical Instruments”, “National Sports and Folk Games”, “World Nomad Games”, “Red Book of Kyrgyzstan”. In total, more than 30 different exhibits of banknotes and coins of the national currency were presented at the exhibition.
As in previous years, collectible coins and banknotes of the national currency were of great interest not only among numismatist collectors, but also among experts in the field of numismatics, as well as visitors to the exhibition – lovers of exclusive products.
Date: 31.01.2025
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Chairman of the National Bank of the Kyrgyz Republic took part in the IMF briefing
From January 27 to 30, 2025, the Chairman of the National Bank of the Kyrgyz Republic Melis Turgunbaev participated in the high-level briefing organized by the IMF.
The briefing was devoted to the discussion of key aspects of monetary and exchange rate policies, issues of regulation of the financial market and payment systems, strengthening the institutional framework and protective mechanisms of the central bank, as well as the main areas of technical cooperation between the National Bank and the IMF.
Within the framework of the briefing, the Chairman of the National Bank, Turgunbaev M., had an official meeting with the Managing Director of the IMF, Mrs. Georgieva K. During the meeting the parties discussed the latest trends and challenges in the world economy, the prospects of development of the monetary policy of the National Bank and further directions of joint cooperation.
Date: 28.01.2025
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National Bank kept its policy rate unchanged at 9.00 percent.
Date: 16.01.2025
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About the situation in the banking sector
In view of the information spread about the imposition of sanctions against one of the commercial banks of the Kyrgyz Republic, the National Bank of the Kyrgyz Republic informs as follows.
At present, the banking sector is stable, adequately capitalized and has sufficient liquidity and resistance to various external risks. The commercial banks operate under normal conditions and provide banking services to customers on a continuous basis. The situation in the domestic foreign exchange market remains stable.
The National Bank is carrying out relevant work to minimize the negative impact of sanctions on the banking system of the Kyrgyz Republic and to ensure financial stability of the country.
If necessary, the National Bank of the Kyrgyz Republic is ready to employ additional measures and instruments to preserve sustainability and stability of the banking system and protect the interests of depositors and creditors.
Date: 30.12.2024
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On December 27, 2024, the meeting of the representatives of mass media, teachers of higher educational institutions and couches of financial literacy of Osh city was held in the Osh Regional Department of the National Bank of the Kyrgyz Republic.
The results of the activities on increasing financial literacy of the population conducted in 2024 and the plan of informational and educational activities among the population of the region for next year were discussed during the meeting. The partners were also expressed gratitude for cooperation.
Date: 25.12.2024
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On December 20, 2024, the meeting of the representatives of mass media and couches of financial literacy of Talas oblast was held in the Talas Regional Department of the National Bank of the Kyrgyz Republic.
The results of the activities on increasing financial literacy of the population conducted in 2024 and the plan of informational and educational activities among the population of the region for next year were discussed during the meeting.
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