ь National Bank of the Kyrgyz Republic explains that calculation of the inflation is performed by the National Statistics Committee of Kyrgyz Republic. The inflation means change in the overall level of consumer prices in the economy. 369 goods and services, selected by the National Statistics Committee, are used for calculation. At the same time the dynamics of prices for those products that are part of the consumer spending of the average citizen of Kyrgyzstan is monitored. Thus, the increase in the cost of certain goods cannot be interpreted as growth of the inflation. In particular, when calculating the inflation rate in July 2011, the increase in prices for certain product groups, included in the basket of goods (e.g. meat increased in price by 3.2 per cent) and decline in other commodity groups (fruits and vegetables decreased in price by 11.3 per cent) were taken into account 

Data on CPI in the Kyrgyz Republic for 2011  

(in percent, monthly) 

* – as of July 20, 2011 

ь About cash-monetary circulation in the Kyrgyz Republic for the second quarter of 2011. The total amount of money in circulation as of July 1, 2011 amounted to 45 543.8 million soms including 2 027.4 million soms were in to cash departments of commercial banks, and others - outside the banking system (as compared with the corresponding period of the last year, the amount of money in circulation increased by 8 601.0 million soms or by 23.3 per cent). 

In the second quarter 2011 of cash departments of commercial banks in the whole country received 100 585.6 million soms (increase by 34 947.8 million soms or by 53.2 percent as compared to the second quarter of 2010). Cash departments of commercial banks in the second quarter of 2011 issued 104 918.6 million soms, which was by 38 835.9 million soms or 58.8 percent more than in the second quarter of 2010. 

The recoverability of cash to cash departments of commercial banks for the second quarter of 2011 amounted to 95.9 percent (compared to the index of the second quarter of 2010, it decreased by 3.4 percentage points). 

Change in repayment of cash money to cash departments of commercial banks for the II quarter of 2011 by regions is shown in the table below: 

In percent 

ь National Bank of the Kyrgyz Republic informs commercial banks that the Provision on “Corporate management in banks of the Kyrgyz Republic, performing operations in accordance with the islmic Principles of Banking and Financing” is provided on the official web-site of the National Bank of the Kyrgyz Republic in the section “Normative acts/Projects for discussion”. The Department of Supervision and Licensing Methodology asks to provide comments and proposals on this draft until August 31, 2011, to the following email-address uboobekova@nbkr.kg. 

News of non-banking financial institutions  

The National Bank of the Kyrgyz Republic issued licenses/certificates to the following non-banking financial institutions and exchange offices: 

1. PE Abasov Rasim Mustafa ogly (License No. 4730, dated July 19, 2011 for conducting cash foreign exchange transactions). Registration number of the exchange office: 2802. Legal address: 125, Chui Avenue, Bishkek (exchange office “Mig”); 

2. PE Dzholdoshbaeva Dinara Sultanbekovna (License No. 4731, dated July 19, 2011 for conducting cash foreign exchange transactions). Registration number of the exchange office: 2803. Legal address: 324, Kurmanjan Datka Street, Bishkek; 

3. PE Chentsov Oleg Viktorovich (License No. 4732, dated July 19, 2011 for conducting cash foreign exchange transactions). Registration number of the exchange office: 2804. Legal address: 124, Kievskaya Street, Bishkek (exchange office “Viktoriya”); 

4. LLC “Kolibri” (License No. 4733, dated July 21, 2011 for conducting cash foreign exchange transactions). Registration number of the exchange office: 2805. Legal address: 38a, Moldoya Gvardiya Street, Bishkek; 

5. PE Lyanko Aleksandr Aleksandrovich (License No. 4734, dated July 21, 2011 for conducting cash foreign exchange transactions). Registration number of the exchange office: 2806. Legal address: 162-15, Chui Avenue, Bishkek;  

6. PE Hamidov Bohodirjon Kirgizbaevich (License No. 4735, dated July 21, 2011 for conducting cash foreign exchange transactions). Legal address: Kopernika Street, Uzgen city, Osh oblast; 

7. LLC MCC “Kireshe Ordo” (Certificate No. 386, dated July 21, 2011, for micro-crediting of physical and legal entities). Legal address: 4b, Chui Avenue, Bishkek; 

8. LLC MCC “Kurmanjan” (Certificate No. 387, dated July 22, 2011, for micro-crediting of physical and legal entities). Legal address: N.Aytmatova Street, Jalal-Abad city, Jalal-Abad oblast; 

The following certificates and licenses of non-financial credit institutions were cancelled: 

License No.413 of the Credit Union “Sharga” was cancelled from July 18, 2011 on the basis of the application of self-liquidation, dated July 15, 2011, and minutes of the general meeting of the credit union participants, dated July 15, 2011. Legal address: 25/5, Bulatova Street, Chelpek village, Ak-Suu rayon, Issyk-Kul oblast; 

Certificate on accounting registration No.171 of the PF MCA “AerFin” was cancelled from July 19, 2011, on the basis of the decision of the inter-rayon court of Osh oblast, dated March 16, 2011. Legal address: Nooruz Street, Myrzaki village, Uzgen rayon, Osh oblast; 

Certificate on accounting registration No.27 of the institution MCA “Monoldor Ata” was cancelled from July 20, 2011 on the basis of the application of self-liquidation, dated July 20, 2011, and decision of the founder, dated February 15, 2011. Legal address: 11, Orozova Street, Karakol city, Issyk-Kul oblast; 

Inter-bank payments 

Indices of the national payment system “Elcart”