ь The NBKR Board regular meeting was arranged on April 7, 2009. In the course of this meeting the following questions were regarded and corresponding resolutions were accepted:
On tariff adjustments for establishment of credit interest rates for the OJSC Specialized Fund on Re-financing of Banks (№17/1);
On approval of business plan of the OJSC Specialized Fund on Re-financing of Banks (№17/2);
On approval of the Provision on Directorship of the OJSC Specialized Fund on Re-financing of Banks (№17/3);
On approval of the Provision on Supervisory Board of the OJSC Specialized Fund on Re-financing of Banks (№17/4).
ь Within the framework of the declared monetary policy for 2009, the National Bank of the Kyrgyz Republic continued implementation of the floating exchange rate policy and participate on inter-bank foreign exchange markets. Foreign exchange rate may increase of decrease depending on current environment of the market at a specific moment, i.e. on activity of purchasers and sellers on the domestic foreign exchange market. Lately there has been the tendency of USD strengthening against KGS. The process of USD strengthening in the Kyrgyz Republic started in the second half of 2008. The USD exchange growth rate against som from July 1, 2008 to March 31, 2009 constituted 18.65%. In the first quarter of 2009, the USD strengthened by 8.15% against KGS, and the rate of USD strengthening since the beginning of 2009 till April 10, constituted 9.62%.
For comparison, in Russia within the period of July 1, 2008 to March 31, 2009, the Russian ruble devaluation against USD constituted 42.22%. USD strengthening in Kazakhstan within the corresponding period amounted to 25.34% and in Armenia, the national currency devaluated by 21.28%. It should be noted that Kazakhstan and Russia are the countries where exchange rate of the national currency is pegged to USD or to the combination of several currencies. This may be referred to a variety of fixed exchange regulations. In the Kyrgyz Republic, the USD exchange rate against KGS is not maintained on one level, because it is formed in accordance with the floating exchange rate principle, in other words the exchange rate is formed as a result of demand and supply in the domestic market.
To prevent acute fluctuations of the exchange rate, which may negatively affect the economic situation in the republic, the National Bank of the Kyrgyz Republic performs exchange market intervention in the interbank foreign exchange markets. As per results of the first quarter of 2009, USD net sale by the National Bank of the Kyrgyz Republic constituted 145.05 million US dollars, correspondingly the gold-monetary reserves of the country decreased by this sum. The volume of international reserves of the National Bank of the Kyrgyz Republic as of April 9, 2009 constituted 1 197.56 million US dollars and cover the possible demand volume for the national currency exchange into foreign currency.
The National Bank of the Kyrgyz Republic constantly monitors tendencies in the world markets and in CIS countries; it will also perform adequate actions, providing stability of the exchange market in the republic.
ь Within the framework of the IMF technical assistance under financial cooperation of the Swiss Agency on cooperation in the Kyrgyz Republic (SECO), “Strengthening of the structure for prevention of terrorism financing and legalization of money, received by illegal way”/supervisory component, the National Bank of the Kyrgyz Republic from March 25 to April 3, 2009 performed a number of measures in cooperation with the IMF. Those measures included:
– meeting of the IMF mission expert Crystel Po with the employees of structural subdivisions of the National Bank of the Kyrgyz Republic, involved in the process of prevention of terrorism financing and legalization of money, received by illegal way; discussion of the joint actions plan in short-term (following 6 months) and mid-term (following 12 months) period;
– performance of the seminar for employees of the National Bank and Financial Intelligence service with the topic “Risk-oriented supervision and on-site inspection” .
News of non-banking financial and credit institutions
The National Bank of the Kyrgyz Republic issued licenses/certificates to the following non-banking financial institutions and exchange offices:
1. MCA organization “Aruu-Kench” (Account Registration Certificate No.168 dated April 6, 2009 for micro crediting individuals and legal entities). Legal address: Lenina Str., Oi-Tal village, Tyup rayon, Issyk-Kul oblast;
2. MCA organization “Mars-Finans” (Account Registration Certificate No.169 dated April 10, 2009 for micro crediting individuals and legal entities). Legal address: 64, Ibraeva Str., Kyzyl-Suu village, Dzhety-Oguz rayon, Issyk-Kul oblast;
3. OJCS MCA “JOHN & CO” (Account Registration Certificate No.204 dated April 8, 2009 for micro crediting individuals and legal entities). Legal address: 63/1, Eletskii Str., Bishkek;
4. Additional Responsibility Society pawn office “Oomatkel” (license No.397 dated April 8, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: Karasuiskaya Str., Osh, Osh oblast;
5. Additional Responsibility Society pawn office “Udacha Partner” (license No.398 dated April 8, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: 174, Chui Avenue, Bishkek;
6. Additional Responsibility Society pawn office “Nam” (license No.399 dated April 8, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: 145-6, Abdrahmanova Str., Bishkek;
7. Additional Responsibility Society pawn office “Pyramida” (license No.400 dated April 10, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: Oktyabrskaya Str., Kochkor Ata village, Nooken rayon, Jalalabat oblast;
8. PE Rudenko Anton Vasilyevich (License No 3958 dated April 6, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2192. Legal address: 125-3, Chui Avenue, Bishkek;
9. PE Jusupov Emilbek Jolchubekovich (License No 3959 dated April 6, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2193. Legal address: container 26 (16), central passage, Dordoi market, Bishkek;
10. OJSC Image Plus (License No 3960 dated April 6, 2009 for conducting cash foreign exchange transactions). Legal address: 1, Bayalinova Str., Osh, Osh oblast;
11. PE Chokoev Ulukbek Akbayevich (License No 3961 dated April 6, 2009 for conducting cash foreign exchange transactions). Legal address: Turatali market, Kara Suu town, Osh oblast;
12. PE Kasymov Ravshanbek Osmonalievich (License No 3962 dated April 6, 2009 for conducting cash foreign exchange transactions). Legal address: Bazarnaya Str, Osh, Osh oblast;
13. PE Kurbanova Saadat (License No 3963 dated April 6, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2194. Legal address: Manas Airport, 1st floor, Bishkek;
14. PE Omurzakova Haliza Toktorovna (License No 3964 dated April 6, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2195. Legal address: 86, Moskovskaya Str., Bishkek;
15. OJSC LTJ-EKU (License No 3965 dated April 6, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2197. Legal address: 1, Chimkentskaya Str., Bishkek;
16. PE Davrusheva Elena Alekseevna (License No 3966 dated April 6, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2198. Legal address: 119, Abdrahmanova Str., Bishkek;
17. PE Nurmatov Sharip Oliyarovich (License No 3967 dated April 7, 2009 for conducting cash foreign exchange transactions). Legal address: Turatali market, Lenina Str., Kara Suu town, Osh oblast;
18. PE Ergeshova Hatichakhan Satybaldievna (License No 3968 dated April 7, 2009 for conducting cash foreign exchange transactions). Legal address: Turatali market, Kara Suu town, Osh oblast;
19. PE Isabekov Nurlan Kubanychbekovich (License No 3969 dated April 9, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2199. Legal address: 203, Kievskaya Str., Bishkek;
20. PE Abdrahmanova Nazira Melisovna (License No 3970 dated April 9, 2009 for conducting cash foreign exchange transactions). Registration number of exchange office: 2200. Legal address: 3b, Baytik Baatyra Str., Bishkek.
The National Bank of the Kyrgyz Republic revoked certificates/licenses from the following NBFI:
1. The License No.250 dated April 6, 2005 has been revoked from the Additional Responsibility Society pawn office “Bumerang-Almaz” from April 8, 2009 for systematic failure to perform reports on the basis of the NBKR decree No.24-o/d, dated April 08, 2009. Legal address: 176-15, Lenina Str., Jalalabat, Jalalabat oblast;
2. The License No.325 dated June 6, 2007 has been revoked from the Additional Responsibility Society pawn office “NUK” from April 8, 2009 for systematic failure to perform reports on the basis of the NBKR decree No.20-o/d, dated April 08, 2009. Legal address: central market, Jalalabat, Jalalabat oblast;
3. The License No.334 dated August 20, 2007 has been revoked from the Additional Responsibility Society pawn office “Stimul-Kredit” from April 8, 2009 for systematic failure to perform reports on the basis of the NBKR decree No.20-o/d, dated April 08, 2009. Legal address: central market, Jalalabat, Jalalabat oblast;
4. The License No.229 dated March 4, 2007 has been revoked from the Additional Responsibility Society pawn office “Elnur Kredit” from April 8, 2009 for systematic failure to perform reports on the basis of the NBKR decree No.20-o/d, dated April 08, 2009. Legal address: kolkhoz market, Jalalabat, Jalalabat oblast;
5. License No.3793 dated November 6, 2008 has been revoked from the PE of Karaibragimov K.Sh. from April 9, 2009 on the basis of the NBKR resolution No.30-0 dated April 9, 2009 for untimely reports provision. Legal address: 257, Chui Avenue, Bishkek
Inter-bank payments
|
Indices of Interbank payment systems (IPS) |
||||||
|
|
Total IPS |
including |
||||
|
Clearing system |
Clearing system |
|||||
|
KGS mln |
items |
KGS mln |
items |
KGS mln |
items |
|
|
Indices from the period of November 3, 2008 – November 6, 2008 (reporting period) |
||||||
|
Absolute value for a week |
9 396,6 |
70 573 |
1 256,8 |
68 656 |
8 139,9 |
1 917 |
|
Share of IPS payments (%) |
100,0 |
100,0 |
13,4 |
97,3 |
86,6 |
2,7 |
|
including (%): |
|
|
|
|
|
|
|
Net positions of Common Interbank Processing Center |
0,2 |
0,4 |
1,5 |
0,4 |
0,0 |
0,0 |
|
Outgoing to the Central Treasurer's Office |
18,4 |
9,2 |
24,7 |
9,3 |
17,4 |
3,2 |
|
Incoming from the Central Treasurer's Office |
17,6 |
44,4 |
17,6 |
45,6 |
17,6 |
2,6 |
|
Outgoing to the Social Fund |
0,04 |
0,8 |
0,3 |
0,8 |
0,0 |
0,0 |
|
Incoming from the Social Fund |
2,0 |
6,1 |
14,7 |
6,3 |
0,0 |
0,0 |
|
Average weekly indices for the previous month |
||||||
|
Absolute Value |
7 895,4 |
60 633 |
1 137,3 |
58 775 |
6 758,0 |
1 859 |
|
Indexes deviations of the reporting period from the weekly average indexes of the previous month |
||||||
|
Absolute Value |
1 501,2 |
9 940 |
119,4 |
9 881 |
1 381,8 |
58 |
|
% |
19,0 |
16,4 |
10,5 |
16,8 |
20,4 |
3,1 |
ь As of April 10, 2009, the shareholders of CJSC “Interbank processing center” include 16 commercial banks and OJSC “Kyrgyztelecom”. 16 commercial banks are connected to the Single Interbank Processing Center. 45 096 Elcart cards were issued, 428 terminals and 106 automated teller machines are functioning. 350 terminals are installed in branches and savings departments of commercial banks in Bishkek and regional centers, 78 terminals in trade-service enterprises.
The list of cash issuance centers, automated teller machines and trade-service enterprises, service the national cards Elcard is provided on the site of the National Bank of the Kyrgyz Republic (www.nbkr.kg) in the section “Payment system/Single Interbank Processing Center”.