NBKR: The situation on the currency market stabilizes
On March 3-4, 2014 there were significant fluctuations of the US dollar on the foreign exchange market of Kyrgyzstan, primarily caused by speculations. Exchange offices taking the opportunity of the situation of uncertainty and nervousness associated with developments in the political and economic life of the states - main partners set out unfounded exchange rates for dollars and euros on the secondary market. Artificially created stir triggered increasing of demand for foreign currency.
To resolve the situation the National Bank of the Kyrgyz Republic using the whole range of monetary policy instruments has taken the necessary steps, also strengthened the monitoring of commercial banks and foreign exchange offices actions and applied appropriate sanctions against violators.
As a result of measures timely taken by the National Bank to prevent speculations the foreign exchange market stabilizes. In consideration of the lack of economic prerequisites for a sharp change in the exchange rate the National Bank of the Kyrgyz Republic in order to avoid possible losses calls on people not to take decisions relating to foreign exchange transactions, guided panic moods and emotions.
Certificates/licenses of the following non-bank financial institutions have been cancelled/revoked:
Certificate of accounting registration of PF MCA "Ogoturdun kazynasy" №6 dated February 6, 2003 for micro-crediting of individuals and legal entities has been cancelled since March 6, 2014. Decision on self-liquidation №1 dated December 29, 2013. Legal address: 70, Kazak st., Madaniyat village, Bakai-Ata district, Talas region.
Certificate of accounting registration of PF MCA "Bai Kadam" №202 dated December 13, 2012 for micro-crediting of individuals and legal entities has been cancelled since March 5, 2014. Self-liquidation according to the decision of the founder dated February 18, 2014. Legal address: without number (Rahat shop), Torgoeva st., Karakol city, Issyk-Kul region.
Interbank payments
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Interbank Payment Systems (IPS) indicators |
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Total IPS |
including |
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Clearing system |
Gross system |
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Volume, KGS |
Q-ty, pcs |
Volume, KGS |
Q-ty, pcs |
Volume, KGS |
Q-ty, pcs |
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Indicators for the period from March 03 to March 07, 2014 (reporting period) |
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Absolute Value |
17 981 896 284,67 |
51 058 |
1 541 947 054,09 |
48 364 |
16 439 949 230,58 |
2 694 |
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Share in IPS payments (%) |
100,0 |
100,0 |
8,6 |
94,7 |
91,4 |
5,3 |
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including (%): |
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Net positions of the Common Interbank Processing Center |
0,2 |
1,5 |
1,9 |
1,6 |
0,0 |
0,0 |
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Outgoing to the Central Treasury |
16,1 |
16,5 |
32,6 |
17,3 |
14,6 |
1,0 |
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Incoming to the Central Treasury |
5,9 |
28,2 |
11,6 |
29,5 |
5,3 |
4,6 |
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Outgoing to the Social Fund |
0,1 |
0,4 |
0,8 |
0,5 |
0,0 |
0,0 |
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Incoming to the Social Fund |
1,1 |
18,6 |
13,2 |
19,7 |
0,0 |
0,0 |
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Average weekly indicators for the last month |
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Absolute Value |
18 083 246 241,50 |
55 043 |
1 598 342 968,45 |
51 914 |
16 484 903 273,04 |
3 130 |
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Deviation of indicators for the reporting period from average weekly indicators for the last month |
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Absolute Value |
-101 349 956,83 |
-3 985 |
-56 395 914,36 |
-3 550 |
-44 954 042,46 |
-436 |
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% |
-0,6 |
-7,2 |
-3,5 |
-6,8 |
-0,3 |
-13,9 |
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Elcart System indicators |
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As of |
28.02.2014 |
07.03.2014 |
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The total number of issued cards (excluding reissued) |
269 864 |
271 436 |
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Number of POS-terminals: - in banks - in sale outlets |
1313 721 592 |
1315 723 592 |
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Number of ATMs |
344 |
345 |
