NBKR's news


Date: 24.02.2021
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The National Bank increased its policy rate up to 5.5% 

 


Date: 26.01.2021
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The National Bank keeps its policy rate unchanged at 5.00%. 

 


Date: 01.12.2020
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National Bank of the Kyrgyz Republic keeps its policy rate unchanged at 5.00 percent 

 


Date: 30.11.2020
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The Official Information 

of the National Bank of the Kyrgyz Republic 

 

The National Bank of the Kyrgyz Republic from December 1, 2020 puts into circulation silver and copper-nickel collection coins «Kyrgyz Kurosh» of the series «World nomad games» 

The collection coin «Kyrgyz kurosh» of the series «World nomad games» was issued to revive and popularize ethnic sports and is dedicated to the IV World Nomad Games. 

Kyrgyz kurosh is among the oldest types of national sports games of the Kyrgyz people, which is a belt wrestling. 

Legends, parables and historical documentary sources left a lot of evidence of outstanding fighters, and the struggle itself became part of the traditional culture, the significance of which is currently observed. Belt wrestling is among the most important sports in the traditional sports of nomads. That is why «Kyrgyz kurosh» is included in the list of competitions of the World Nomad Games and is among the most spectacular types of sports program. 

 

Description of the coins 

 

The image of fighting athletes against the background of spectators, yurts and mountains is the main plot of the obverse of the coin. The upper part of the coin shows the logo of the World Nomad Games and the inscription «Кыргыз күрөш/Kyrgyz kurosh». Face value of the coin (10 som) is specified on the right side of the coin. The national ornaments, alloy of metal (Ag 925°) and weight of the coin (31.10 g) are indicated at the bottom of the coin. 

A spiral pattern indicating the solar system with stylized images of various types of national games inside being included in the program of the World Nomad Games are depicted on the reverse side of the coin. Stylized images of wrestlers are depicted in the center of the pattern. The coat of arms of the Kyrgyz Republic and the year of coin issue (2020) are indicated on the right side of the coin. The inscription «Дүйнөлүк көчмөндөр оюндары/World nomad games» is specified on the left side of the coin. 

Silver coin with a certificate placed in acrylic capsule and packed into a separate box.  

Copper-nickel coin placed in acrylic capsule and packed into a separate blister pack.  

All collection coins are the legal tender in the territory of the Kyrgyz Republic. 

 

Specifications of the coins 

 

Name 

Face value 

Metal  

Size (mm) 

Weight (g) 

Quality 

Issue limit (pcs) 

Price (som) 

« Kyrgyz kurosh» 

10 Som 

Silver 

38,61*38,61 

31,10 

Proof 

1 000 

2 965 

1 Som 

CuNi 

30,00*30,00 

12,00 

Proof-like 

5 000 

620 

 

 


Date: 14.10.2020
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Information notice 

of the National Bank of the Kyrgyz Republic 

  

On October 12, 2020, the National Bank decided to conduct cross-border operations via the SWIFT system and the alternative communication channels.  

From 9:00 on October 13, 2020, the commercial banks will accept all incoming payments in favor of the commercial banks of the Kyrgyz Republic and their clients.  

Outgoing cross-border payments will be made only on:  

- operations of the clients (legal entities, private and individual entrepreneurs, peasants and farm enterprises) of the commercial banks of the Kyrgyz Republic under the contracts on settlements for the goods and the services previously concluded and submitted to the banks. The amount of payments should not exceed the average level specific to a given client, and the contracts/agreements should be inherent in the normal activities of the client;  

- unfinished foreign exchange transactions with counterparties, operations on purchase/sale of foreign currency on ones own behalf to manage liquidity and/or foreign exchange position, including swap operations, as well as due to exchange of assets;  

- operations for implementation of mutual settlements through the international payment systems;  

- replenishment of nostro accounts and deposits of the commercial banks of the Kyrgyz Republic in non-resident banks;  

- operations on repayment of loans and accrued interest on loans extended by the international organizations;  

- operations on transfers from the non-banking financial and credit organizations serviced by the bank;  

- operations on the banks obligations under trade finance transactions, previously issued letters of credit and bank guarantees;  

- operations necessary to ensure the banks activities;  

- operations on behalf of the international organizations and diplomatic missions of the foreign states;  

- transfers of the individuals without commercial purposes in the amount of up to USD 5,000 or the equivalent in another foreign currency (per week), to pay for medical treatment, accommodation, training and to pay alimony.  

When conducting the abovementioned transfer operations, the commercial banks need to ensure compliance with the legislation on countering the financing of terrorism and anti-money laundering.  

In case of any questions related to provision of the banking services, including making payments through the national and international payment systems, you should contact the commercial banks, which will operate normally from 09:00 till 17:00 since October 13, 2020.  

The National Bank is monitoring the situation and takes measures to ensure the stability and security of the financial and payment systems in the country.  

The Resolution of the National Bank of the Kyrgyz Republic dated October 12, 2020 “On conducting cross-border operations via the SWIFT system and the alternative communication channels” can be found by  link.  

 


Date: 13.10.2020
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Information notice  

of the National Bank of the Kyrgyz Republic  

  

On October 12, 2020, the National Bank decided to conduct cross-border operations via the SWIFT system and the alternative communication channels. 

From 9:00 on October 13, 2020, the commercial banks will accept all incoming payments in favor of the commercial banks of the Kyrgyz Republic and their clients. 

Outgoing cross-border payments will be made only on: 

- operations of the clients (legal entities, private and individual entrepreneurs, peasants and farm enterprises) of the commercial banks of the Kyrgyz Republic under the contracts on settlements for the goods and the services previously concluded and submitted to the banks. The amount of payments should not exceed the average level specific to a given client, and the contracts/agreements should be inherent in the normal activities of the client; 

- unfinished foreign exchange transactions with counterparties, operations on purchase/sale of foreign currency on ones own behalf to manage liquidity and/or foreign exchange position, including swap operations, as well as due to exchange of assets; 

- operations for implementation of mutual settlements through the international payment systems; 

- replenishment of nostro accounts and deposits of the commercial banks of the Kyrgyz Republic in non-resident banks; 

- operations on repayment of loans and accrued interest on loans extended by the international organizations; 

- operations on transfers from the non-banking financial and credit organizations serviced by the bank; 

- operations on the banks obligations under trade finance transactions, previously issued letters of credit and bank guarantees; 

- operations necessary to ensure the banks activities; 

- operations on behalf of the international organizations and diplomatic missions of the foreign states; 

- transfers of the individuals without commercial purposes in the amount of up to USD 5,000 or the equivalent in another foreign currency (per week), to pay for medical treatment, accommodation, training and to pay alimony. 

When conducting the abovementioned transfer operations, the commercial banks need to ensure compliance with the legislation on countering the financing of terrorism and anti-money laundering. 

In case of any questions related to provision of the banking services, including making payments through the national and international payment systems, you should contact the commercial banks, which will operate normally from 09:00 till 17:00 since October 13, 2020. 

The National Bank is monitoring the situation and takes measures to ensure the stability and security of the financial and payment systems in the country. 

The Resolution of the National Bank of the Kyrgyz Republic dated October 12, 2020 “On conducting cross-border operations via the SWIFT system and the alternative communication channels” can be found in the section: About the bank / Banking legislation / Resolutions of the National Bank of the Kyrgyz Republic Board.

 


Date: 12.10.2020
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Information notice 

of the National Bank of the Kyrgyz Republic 

 

Under the conditions of the state of emergency introduced in Bishkek on October 9, 2020, the banking and payment systems operate in accordance with the requirements of the state of emergency. 

The National Bank of the Kyrgyz Republic, the commercial banks and other financial and credit organizations licensed and regulated by the National Bank (hereinafter referred to as the financial organizations) continue to conduct their activities, meeting the needs of the sectors of economy, the entrepreneurs and population in the basic banking services regularly and in due time. 

The payment system, including the Elcard national payment system, continues to operate normally. The financial organizations conduct non-cash payments, payment and transfer operations through the national payment systems and money transfer systems of the individuals without opening an account. 

In order to provide the population with cash in due time during the period of crediting wages, pensions and benefits, the National Bank and its regional departments in the regions are working to meet the needs of the population and the sectors of economy in cash to the fullest extent through the commercial banks, including their branch offices and the savings banks, operating in all regions of the country. 

Access to cash and non-cash payments is provided through the banking equipment installed by the financial organizations in all regions of the country.  

1,813 ATMs, 11,633 POS-terminals (9,447 POS-terminals thereof - in the points of trade and service and 2,186 POS-terminals thereof - in the branch offices and the savings banks of the commercial banks) and 2,018 payment terminals have been installed in the territory of the Kyrgyz Republic as of September 1, 2020. 

In case of any questions related to provision of the banking services, it is necessary to contact the financial organizations directly, which are recommended to determine the hours of operation from 09:00 till 15:00.  

Information about the services and products of the financial organizations, as well as the hours of operation thereof are available on their websites.  

The National Bank is monitoring the situation and takes measures to ensure the stability and security of the financial and payment system in the country.