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Students of Bishkek Financial and Economic College attended the Numismatic Museum of the National Bank of the Kyrgyz Republic  

Students of the Bishkek Financial and Economic College named after A.Toktonaliev visited the Numismatic Museum of the National Bank of the Kyrgyz Republic. Tour in the museum of the central bank was held by Bermet Usubalieva, Chief Specialist of the Public Relations and Protocol Division of the Documentation Management and Communications Department.  

During the tour, the guests were told about the history of money, since the origin of the first payment means to the modern money by presenting the exhibits in the form of coins and banknotes of different countries and historical epochs, modern banknotes and collector coins of the National Bank of the Kyrgyz Republic with the image of historical figures, architectural buildings and structures, flora and fauna.  

While talking about the collector coins, B.Usubalieva stressed: "Our coins have repeatedly been awarded international recognition. For example, in September of this year the coin "Saimaluu Tash" from the series "Monuments of history and architecture of Kyrgyzstan" won the 3rd prize at the International Competition "Coin Constellation-2014", while in 2013 the coin "Great Silk Road" won in the contest "Coin of the Year", conducted by the publishing house "Krause Publications" in Berlin, in the nomination of "The most historically significant coin."  

Students were studying the exhibits with interest, actively asked questions on the topics of the national currency, the creation and issuance of numismatic coins, counterfeiting and shared their impressions of the tour.  

"Our group long wanted to visit the museum of the National Bank. As future economists, accountants, it was interesting for us to see the first examples of money and design of the first Kyrgyz som, also liked the commemorative coins issued by the National Bank, the idea of creating their design. We learned a lot of useful things. The tour was challenging and rewarding",- said a student of 3rd year faculty of Economics of Bishkek Financial and Economic College, Zhazgul Usenbek kyzy.  

Zhazguls groupmate Zalkar Nasirdinov said he was surprised at the variety of domestic collector coins. "I knew that we have coins, but did not know that 50 different types were issued. I learned that one can buy them in the National Bank. After seeing such a variety of coins, now I want to collect coins"- said the student.  

In general, about 50 students of Bishkek Financial and Economic College visited the Museum of the National Bank.  

It is necessary to note that this is not the first tour organized by the National Bank for the students of the capital. Earlier numismatic museum was visited by students of Kyrgyz-Russian Slavic University named after Boris Yeltsin and Kyrgyz National University after Balasagyn.  

 

 

 

The training on the issues of interaction with the mass media was held for the staff in the National Bank of the Kyrgyz Republic  

The training for the staff on topic "The art of communication with mass media" was held for the staff in the National Bank of the Kyrgyz Republic. The training was aimed at development of practical communication skills of the specialists of the National Bank with the representatives of the mass media in the Kyrgyz language.  

Within the framework of the two day training, Mars Tulegenov, the media expert engaged by the National Bank of the Kyrgyz Republic, shared the basic skills of public speaking and technologies of preparations to the public with the staff of the National Bank. Theoretical knowledge of the rules of conduct in front of photo- and video-cameras as well as basics of elocution including breathing exercises was provided to the participants along with the development of their practical skills.  

The training also focused on the secrets of successful and effective interaction with the mass media; life situations of interactions with mass media were demonstrated at the training bringing the example of both local as well as international practices.  

Participants were interested in the topic of communication with mass media and noted the necessity of this kind of trainings on a regular basis in order to improve the theoretical knowledge as well as to develop practical skills in the professional activities of the participants.  

The training covered around 20 specialists representing the key management of the National Bank of the Kyrgyz Republic.  

 

 

 

Money transfer system operator "CONTACT" NCO "RAPIDA" was registered in the National Bank of the Kyrgyz Republic in accordance with the "Rules of conducting the money transfers in the Kyrgyz Republic" (Decree of the Board of the National Bank of the Kyrgyz Republic under No. 34/10 as of July 31, 2014). Registration number is 1004230914.  

On July 31, 2014 the Board of the National Bank of the Kyrgyz Republic approved amendments to the "Rules of conducting money transfers in the territory of the Kyrgyz Republic" (Decree of the Board of the National Bank of the Kyrgyz Republic under No.34/10 as of July 31, 2014). Amendments were related with the registration of the payment system operators providing services through the money transfer systems in the territory of the Kyrgyz Republic:  

- paragraph 3.1. Rules "The operator (resident or non-resident of the Kyrgyz Republic) shall be registered at the National Bank of the Kyrgyz Republic for providing the services on the money transfer systems in the territory of the Kyrgyz Republic"; besides, the operator of the money transfer systems shall ensure guarantees of financial liabilities in cases of emergency.  

In accordance with the given requirements, on September 23, 2014 the operator of the money transfer system "CONTACT" NCO "RAPIDA" was registered in the list of operators providing the services through the money transfer systems in the territory of the Kyrgyz Republic under the registration number: 1004230914.  

 

 

 

The National Bank of the Kyrgyz Republic decided to raise the discount rate up to 7.00 percent annually. 

Taking into account that inflationary pressures are amplified with the external and domestic factors, the Board of the National Bank has decided to raise the discount rate by 50 basis points from 6.50 to 7.00 percent annually from September 30, 2014. 

The assumptions of medium-term economic trends outlined in the Monetary Policy Report (Inflation Report) on August have started to realize in recently released data. Particularly it refers to an influence on inflation of such factors as adverse climatic conditions in the country, the acceleration of growth in prices for gasoline and diesel in the domestic market, increasing of tariffs for housing and communal services. 

The National bank of the Kyrgyz Republic expects that the observed slowdown in economic growth in our main trading partners will continue in the forthcoming period. This, in turn, will be reflected in a decline of external demand for domestic goods and in a slowdown of remittances growth. Also the expectations of capital outflows from emerging markets, in particular from our main trading partners, are maintained. In September the tendency has amplified, which is one of the reasons for increasing pressure on foreign exchange market. As a result, it creates additional inflationary risk. 

The National bank will continue to monitor economic developments in order to achieve and maintain in the medium term perspective the inflation rate within the quantitative targets of monetary policy, which are defined in the Joint statement of the Government of the Kyrgyz Republic and the National Bank of the Kyrgyz Republic on economic policy for 2014. 

The next meeting of the Board of the National Bank of the Kyrgyz Republic, which will address the question of the level of the discount rate, is scheduled for October 27, 2014. 

 

 

 

Licenses have been issued to the following exchange offices (Issuk-Kul Regional Department of NBKR): 

LLC "Exchange office Nurlan" (license № 5156 dated October 03, 2014 for carrying out foreign exchange operations in cash). Legal address: 263/1, Toktogul Str., Karakol town, Issyk-Kul region.  

 

 

Interbank payments 

 

Interbank Payment Systems (IPS) indicators 

 

Total IPS 

including 

Clearing system 

Gross system 

Volume,  

KGS 

Q-ty,  

pcs 

Volume,  

KGS 

Q-ty,  

pcs 

Volume,  

KGS 

Q-ty,  

pcs 

 

 

 

 

 

 

 

Indicators for the period from September 29 to October 03, 2014 (reporting period) 

Absolute Value 

26 794 578 322,92 

88 840 

2 544 216 446,65 

80 101 

24 250 361 876,27 

8 739 

Share in IPS payments (%)  

100,0 

100,0 

9,5 

90,2 

90,5 

9,8 

including  

(%):  

  

  

  

  

  

  

Net positions of the Common Interbank Processing Center  

0,1 

1,0 

1,1 

1,1 

0,0 

0,0 

Outgoing to the Central Treasury  

17,2 

15,4 

38,8 

17,0 

15,0 

1,3 

Incoming to the Central Treasury  

12,4 

39,5 

14,2 

43,5 

12,3 

2,6 

Outgoing to the Social Fund  

0,02 

0,2 

0,2 

0,2 

0,0 

0,0 

Incoming to the Social Fund 

1,0 

8,6 

10,5 

9,5 

0,0 

0,0 

Average weekly indicators for the last month 

Absolute Value 

25 103 421 653,20 

82 690 

2 093 868 587,22 

76 962 

23 009 553 065,98 

5 728 

Deviation of indicators for the reporting period from average weekly indicators for the last month 

Absolute Value 

1 691 156 669,72 

6 150 

450 347 859,43 

3 139 

1 240 808 810,29 

3 011 

6,7 

7,4 

21,5 

4,1 

5,4 

52,6 

 

Elcart System indicators 

As of 

26.09.2014 

07.10.2014 

The total number of issued cards (excluding reissued)  

326 164 

329 513 

Number of POS-terminals:  

- in banks  

- in sale outlets  

1422 

765 

657 

1436 

764 

672 

Number of ATMs 

401 

401