ь During the first half of 2010, on the domestic foreign exchange market there was the tendency for USD strengthening against KGS due to considerable excess of demand over supply of foreign currency. As in the previous years, demand for foreign currency was formed under the influence of necessity in payment for import of gas, fuels-and-lubricants as well as for other imported goods. Herewith, inflow of foreign currency to the republic considerably decreased due to closure of borders with neighboring countries and internal situation in the republic. All these factors put considerable pressure on KGS exchange rate, acute fluctuations of which were smoothed by transactions of the National Bank of the Kyrgyz Republic. Thus in the first half of 2010, net sale of the National Bank of the Kyrgyz Republic in the inter-bank foreign currency market constituted 140.15 million US dollars. Within the same period, official rate of USD increased by 2 soms 30 tiyin, from 44.0917 to 46.3896 KGS/USD. In the reporting period, rate of USD strengthening considerably decreased and constituted 5.21 percent in comparison with the corresponding period of 2009 (strengthening rate 9.80 percent). 

Growth of USD rate was also registered in the world financial markets: in the first half of 2010, USD showed high positions against the majority of foreign currencies. For instance, in the first half of 2010, American currency strengthened by 18.68 percent against EUR. The following tendency was observed for dynamics of the USD exchange rate against national currencies in the main trade partners of the Kyrgyz Republic, including Russia and Kazakhstan: Russia devaluation of RUB constituted 5.61 percent; Kazakhstan KZT strengthening constituted 0.68 percent.  

National Bank of the Kyrgyz Republic monitors the situation in financial markets and accepts corresponding measures for the purpose of stable situation provision in the domestic financial market.  

 

ь Officials of the National Bank of the Kyrgyz Republic transferred 246 thousand soms to the Support fund for people, suffered in the south of the republic.  

 

 

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. PE Danyshmanov Emil Mamatkadyrovich (License No. 4442, dated July 9, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2558. Legal address: 150, Abdrahmanov Str., Bishkek; 

2. PE Yunusov Musa Topchubaevich (License No. 4441, dated July 6, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2557. Legal address: 1, Chimkentskaya Str., Bishkek (northern side of the Western Bus Station); 

3. PE Turusbekov Ayazbek Sultanbekovich (License No. 4440, dated July 6, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2556. Legal address: Zentralnaya Str., “Jaiyl Bazary market”, Kara-Balta, Chui oblast; 

4. PE Kayikova Elmira Musalievna (License No. 4439, dated July 6, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2555. Legal address: exchange office No.3, Chimkent Bus Stop, Trade Center “Dordoi” Bishkek;  

PE Adieva Raushan Kubanychbekovna (License No. 4438, dated July 5, 2010 for conducting cash foreign exchange transactions). Legal address: 70/2 Sovetskaya Str., Cholpon Ata, Issyk-Kul oblast. 

 

The License No.4284 of PE Moldobaeva Aliya Shekerbekovna, dated March 1, 2010 for conducting cash foreign exchange transactions has been cancelled from July 2, 2010 on the basis of application of the private entrepreneur, dated July 2, 2010. Legal address: 26-19, Manas Avenue, Bishkek.  

 

 

Inter-bank payments 

 

Indices of Interbank payment systems (IPS) 

  

Total IPS 

в том числе 

Clearing system 

Gross system 

Volume, 

KGS million  

Quantity, 

items 

Volume, 

KGS million 

Quantity, 

items 

Volume, 

KGS million 

Quantity, 

items 

Indices from the period of July 5, 2010 July 9, 2010 (reporting period) 

Absolute value for a week  

7 640 436 455,50 

25 894 

1 137 522 958,40 

23 878 

6 502 913 497,10 

2 016 

Share of IPS payments (%) 

100,0 

100,0 

14,9 

92,2 

85,1 

7,8 

including (%): 

 

 

 

 

 

 

Net positions of the Single Interbank Processing Center 

0,2 

1,6 

1,6 

1,7 

0,0 

0,0 

Outgoing to the Central Treasurer's Office 

14,1 

10,6 

14,6 

11,3 

14,0 

2,1 

Incoming from the Central Treasurer's Office 

13, 8 

20,9 

11,2 

22,4 

14,3 

2,8 

Outgoing to the Social Fund 

0,2 

4,1 

1,3 

4,5 

0,0 

0,0 

Incoming from the Social Fund 

1,3 

12,5 

8,7 

13,6 

0,0 

0,0 

Average weekly indices for the previous month 

Absolute Value 

8 732 115 883,25 

23 568 

1 088 102 347,65 

21 314 

7 644 013 535,61 

2 254 

Indexes deviations of the reporting period from the weekly average indexes of the previous month  

Absolute Value 

-1 091 679 427,75 

2 326 

49 420 610,75 

2 564 

-1 141 100 038,51 

-238 

-12,5 

9,9 

4,5 

12,0 

-14,9 

-10,5 

 

 

Indices of “Elcart” system*  

 

As of  

July 2, 2010 

July 7, 2010 

Number of cards in circulation (exclusive of the re-issued cards) 

96 581 

96 965  

Number of pos-terminals: 

- in banks 

- in trade centers 

514 

453 

61 

512 

451 

61 

Number of automated teller machines 

131 

132 

Payment terminals “Master platezhey” (Master of payments) 

30 

30 

 

*According to CJSC “Interbank processing center”, 16 commercial banks out of 22 operating commercial banks are connected to the Single Interbank Processing Center.