On March 19, 2014 the Board of the National Bank of the Kyrgyz Republic considered the following issues and adopted corresponding resolutions: 

- "On amending the Decree of the Board of the National Ban of the Kyrgyz Republic "On approval of the regulation "On the order of conducting credit auctions by the National Bank of the Kyrgyz Republic for purposes of refinancing and liquidity support" as of November 27, 2013 under No. 45\13 (No.9\4); 

- "On amending the Decree of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation "On seven day credits of the National Bank of the Kyrgyz Republic" as of January 29, 2014 under No.2\5 (№ 9\5); 

- "On amending the Decree of the Board of the National Ban of the Kyrgyz Republic "On approval of the regulation "On overnight credits of the National Bank of the Kyrgyz Republic" as of March 28, 2013 under No. 10\7 (№ 9\6); 

- "On amending the Decree of the Board of the National Ban of the Kyrgyz Republic "On approval of the regulation "On intraday credits of the National Bank of the Kyrgyz Republic" as of March 28, 2013 under No. 10\8 (№ 9\7). 

On March 24, 2014 the Board of the National Bank of the Kyrgyz Republic decided to keep the interest rate at the same level as 6.0 percent  

Abdybaly tegin Suerkul leaves the post of the Deputy Chairman of the National Bank of the Kyrgyz Republic.  

In connection with the expiration of terms of office, Mr Abdybaly tegin Suerkul was relieved of the post of Deputy Chairman of the National Bank of the Kyrgyz Republic by the Order of the President of the Kyrgyz Republic. 

Abdybaly tegin Suerkul has been working in the National Bank since 1992/he headed the Department of Emission-Cash Operations and then was the Head of Banking Supervision, a member of the Board of the National Bank of the Kyrgyz Republic. In 2004-2007 he worked as a consultant in the World Bank’s private and financial sector. In February 2007, he was appointed Deputy Chairman of the National Bank of the Kyrgyz Republic. 

High professionalism of Abdybaly tegin Suerkul, his knowledge and experience have been invaluable to the development of the National Bank. Being on the post of the Deputy Chairman, he oversaw the activities of the National Bank in the development and implementation of monetary and exchange rate policies. At the initiative of Abdybaly tegin Suerkul, the National Bank introduced a system of research, developed a scientific advisory council, and the Research Center was established under the Economic Department. 

Abdybaly tegin Suerkul will continue to work with the National Bank as an adviser to the Chairman of the National Bank and will oversee the reforms initiated in the National Bank, primarily associated with the transition to a new model of monetary policy aimed at stabilizing interest rates, the development of financial instruments and reducing the average level inflation. The implementation of this approach will take time and require a competent and professional supervision over the transition processes. 

For information  

Abdybaly tegin Suerkul was born in 1966 in the village of Jangi-Jol of Jangi-Jol district of Osh region, has higher education. 

In 1999 Abdybaly tegin Suerkul studied in Georgetown University (Washington, USA) in a special training program, where he studied the basic disciplines such as market economy, international trade, macroeconomics, econometrics, financial programming, budget management, and banking. 

He made an internship in the International Monetary Fund and the Board of Governors of the Federal Reserve System of the USA. 

He is fluent in Kyrgyz, Russian and English. He was awarded the title of "Honored Economist" for his achievements and accomplishments by the Kyrgyz Republic.  

Licenses/certificates of the following non-financial credit institutions were annulled and withdrawn: 

License of the LLC "MCC "Fincred" under No. 380 as of June 23, 2011 issued for micro-crediting of physical and legal entities was cancelled on March 19, 2014. Minutes of the meeting related to self-liquidation under No.6 as of February 10, 2014 is available. Legal address: 35а Lermontov Street, Bishkek, the Kyrgyz Republic. 

License of the individual entrepreneur Kurmanaliev Damirbek under No. 4820 as of December 27, 2011was withdrawn from March 17, 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-12/1768 as of March 12, 2014 is available. Legal address: 144 Abdrahmanov Street, Bishkek, the Kyrgyz Republic. 

License of the individual entrepreneur Kyshtobaev Ermek under No. 4829 as of January 10, 2012 was withdrawn from March 7, 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-6/1400 от 28.02.2014г. Legal address: 49 Ahunbaev Street, Bishkek, the Kyrgyz Republic. 

License of the individual entrepreneur Akymbaev Aibek under No.4832 as of 16 January 2012 was withdrawn from 17 March 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-12/1278 as of February 26, 2014. Legal address: 49 Ahunbaev Street, Bishkek, the Kyrgyz Republic. 

License of the individual entrepreneur Dzholdoshaliev Marlis under No.4967 as of June 4, 2012 was withdrawn from March 17, 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-12/1308 as of February 26, 2014. Legal address: 146 Abdrahmanov Street, Bishkek, the Kyrgyz Republic. 

License of the individual entrepreneur Zhusupakmat Shaiyrbek under No.5073 as of January 24, 2013 was withdrawn from March 17, 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-6/1401 as of February 28, 2014. Legal address: 150 Abdrahmanov Street, Bishkek, the Kyrgyz Republic. 

License of the LLC "Economy" under No.5091 as of April 11, 2013 was withdrawn from March 17, 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-12/1277 as of February 26, 2014. Legal address: 162 Chui Street, Bishkek, the Kyrgyz Republic. 

License of the LLC "Beren Bal-Bal" under No.5117 as of November 28, 2013 was withdrawn from March 17, 2014. The letter of the National Bank of the Kyrgyz Republic under No.172-12/1585 as of March 5, 2014. Legal address: 162 Chui Street, Bishkek, the Kyrgyz Republic. 

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