NBKR's news


Date: 06.12.2019
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In connection with the implementation of preventive work on December 8, 2019, the site may be temporarily unavailable. We apologize for any inconvenience caused. 


Date: 05.12.2019
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(Istanbul, Turkey 28th November 2019) The International Islamic Trade Finance Corporation (ITFC) in collaboration with the Istanbul School of Central Banking (ISCB) and the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) hosted a four-day training on Islamic Banking and Finance. The workshop provided an overview of existing financial products, explained how Islamic financial institutions operate and elaborated on the main differences between conventional banking and finance and the Shariah compliant banking.  

The training brought together about twenty representatives of Central Banks and other relevant authorities from Azerbaijan, Kazakhstan, Kyrgyz Republic, Tajikistan, Uzbekistan and Afghanistan who are responsible for the regulation and development of Islamic banking and finance, as well as the representatives of four Turkish Participative Banks.  

This workshop, the latest in series of workshops organized by ITFC in the CIS region that aim to promote and raise awareness about Islamic Finance as part of ITFCs Trade Development activities, delivered by Islamic Finance experts and designed to provide a thorough understanding of Islamic Banking and Finance.  

 

About the International Islamic Trade Finance Corporation (ITFC):  

The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. Its primary focus is to encourage intra-trade among Organization of Islamic Cooperation (OIC) Member Countries.  

Commenced operations in January 2008, ITFC has since consolidated all trade finance businesses that used to be handled by various windows within the IsDB Group. Earning the A1 rating by Moodys reflects the Corporations efficiency in service delivery by responding swiftly to customer needs in a market-driven business environment.  

Since 2008, ITFC has provided more than US$45.4 billion of trade financing to OIC Member Countries, making the Corporation the leading provider of trade solutions for OIC Member Countries needs.  

ITFC was successful in establishing cooperation with leading financial institutions in Kyrgyz Republic and Uzbekistan, while further enhancing the strategic partnership with the Governments of Kyrgyz Republic, Tajikistan and Uzbekistan.  

Since inception, the overall cumulative amount extended to CIS region stands at US$1.1 billion. 

 


Date: 26.11.2019
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The National Bank keeps its policy rate unchanged at 4.25%. 

 


Date: 21.11.2019
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International Monetary Fund mission 

starts its work in Kyrgyzstan 

 

The mission of the International Monetary Fund (IMF) arrived in the Kyrgyz Republic. Mr. Subir Lall, Deputy Director of the Middle East and Central Asia Department, participates in the work of the mission. 

The purpose of the visit of the IMF mission is to discuss the latest trends in the economy, including the state budget of the country. During the visit, meetings will be held with representatives of the Government of the Kyrgyz Republic, National Bank of the Kyrgyz Republic and other organizations. 

To assess the economic situation in the regions of the country from November 16 to 18, the IMF mission visited the Naryn region and held discussions with representatives of local authorities, the private sector, schools and hospitals. 

The missions visit will last until November 26, 2019. 

 


Date: 05.11.2019
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Official Information 

National Bank of the Kyrgyz Republic 

 

From 5 November 2019, the National Bank of the Kyrgyz Republic puts into circulation silver collection coins “Household items: Kyrgyz vase”, “Household items: Kyrgyz clothing items, jewelry” and copper-nickel collection coins “Household items: Kyrgyz clothing items, jewelry” of the series “Age of the Kyrgyz kaganate”. 

 

The collection coins “Household items: Kyrgyz vase” and “Household items: Kyrgyz clothing items, jewelry” of the series “Age of the Kyrgyz kaganate” has been issued to popularize the spiritual and cultural values of the Kyrgyz people.  

The main plot of the obverse of the coin “Household items: Kyrgyz vase” is the image of three Kyrgyz vases against the national ornaments. In the upper part of the coin there is an inscription with the name of the coin “Кыргыз кумурасы / Kyrgyz vase”. The alloy of metal (Ag 925°) and the weight of the coin (28.28g) are specified on the right part of the coin. The face value of the coin (10 Som) is given in the lower part of the coin.  

The coat of arms of the Kyrgyz Republic against the stylized vases in combination with the Kyrgyz national ornaments is depicted in the center of the reverse side of the coin. In the upper part of the coin there is an inscription “Улуу Кыргыз каганаты” (“Great Kyrgyz kaganate”). The year of issue (2019) is given in the lower part of the coin.  

The collection coin “Household items: Kyrgyz clothing items, jewelry” of the series “Age of the Kyrgyz kaganate” has been issued to popularize the spiritual and cultural values of the Kyrgyz people. 

The main plot of the observe of the coin is the image of a girl with an earring using stylized ornaments and pendants made in color printing. On the left part of the coin there is an inscription made by the Orkhon-Yenisei runic script means “Kyrgyz state”. The alloy of metal (Ag 925°), the name of the coin “Сырга/Earring”, the weight (28.28g) and the face value of the coin (10 Som) are specified on the right part of the coin.  

The main plot of the reverse side of the coin is a stylized element of an earring with imitation of an inserted precious stones and coral pendants. The coat of arms of the Kyrgyz Republic is in the center of the coin, the year of issue (2019) is given on the right part 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.  

 

Specifications of the coins 

Name 

Denomination 

Metal (Alloy) 

Diameter (mm) 

Weight (g) 

Quality 

Issue limit (pcs) 

Price (som) 

Household items: Kyrgyz vase 

10 Som 

Ag 925 

38,61 

28,28 

«Proof» 

1 000 

2 650 

Household items: Kyrgyz clothing items, jewelry 

10 Som 

Ag 925 

38,61 

28,28 

«Proof» 

1 000 

2 650 

1 Som 

CuNi 

30,00 

12,00 

«Proof-like» 

5 000 

380 

 

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

 


Date: 24.09.2019
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Official Message  

 

From 24 September 2019, the National Bank of the Kyrgyz Republic puts into circulation silver collection coin “5 years of the Eurasian Economic Union” of the series “Historical events”. 

The collection coin “5 years of the Eurasian Economic Union” of the series “Historical events” is dedicated to the 5th year anniversary of the Eurasian Economic Union (further EAEU) establishment. This coin has been issued within the framework of the international monetary program of the central (national) banks of the EAEU member-states.  

The main image of the obverse of the coin is the stylized figure “5” with the official EAEU emblem and images of the flags of the EAEU member-states depicted by means of color printing. The national ornaments of the EAEU member-states are depicted on the left part of the coin. The inscription “Евразия экономикалык бирлиги/ Eurasian Economic Union” is placed around the coin circumference.  

The national ornaments of the EAEU member-states against the globe, symbolizing the unity of the states, and the figure “5”, are depicted of the reverse side of the coin. The coat of arms of the Kyrgyz Republic is in the center of the coin. In the upper part of the coin there is an inscription “Кыргыз Республикасынын Улуттук банкы” (“National Bank of the Kyrgyz Republic”). The alloy of metal (Ag 925°) and the weight of the coin (31.10g) are specified on the right part of the coin. The left part of the coin contains the denomination of the coin (10) and the graphic sign of Som, comprising the capital letter of the Kyrgyz Republic official monetary unit, and an underscore indicating the stability of the national currency (С). The year of issue (2019) is given in the lower part of the coin.  

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

 Specifications of the coin 

Name  

Denomination 

Metal (alloy) 

Diameter (mm) 

Weight (g) 

Quality 

Issue limit (pcs) 

Price (som) 

5 years of the Eurasian Economic Union 

10 Som 

Ag 925 

38,61 

31,10 

«Proof» 

1 000 

3 040 

 

 The collection coin is the legal tender in the territory of the Kyrgyz Republic.