On March 30, 2012 at the Board meeting of the NBKR the following issues have been considered and resolutions have been adopted:
· “About the development trends in the banking system of the Kyrgyz Republic for 2011” (No. 14/5);
· “On amendments and additions to the Instruction for processing electronic payments via RTGS system in the Kyrgyz Republic” (14/13).
As part of informing the public, the National Bank provides some clarifications regarding the existing level of Consumer Price Index (CPI) in 2011:
Change in food prices has the greatest impact on the dynamics of CPI, which in turn is largely depends on the dynamics of prices on world commodity markets as a significant proportion of consumption (including food) is represented by imported goods.
Following the results of 2011, according to the data of the National Statistical Committee of the Kyrgyz Republic, the 12-month value of inflation was at the level of 5.7 percent. The existing rate of inflation is largely caused by the lower prices of basic foodstuffs (bread and cereals, fruits and vegetables, sugar) due to the lower prices on world food markets, which in turn is caused by a rich harvest of indicated crops in producing countries. This, along with measures of monetary policy, resulted in slow inflation from 19.2 percent in 2010 to 5.7 percent on the results of 2011 correspondingly.
Table 1.Structure of Consumer Price Index
Table 2. Nominal prices for food products
(KGS per kg, liter, 10 pcs.)
In the structure of the consumer basket the prices for various products may vary in different directions, for example, if the prices for flour are reduced and meat prices are rising, the overall price index will change to a greater extent under the influence of that group of goods, the weight of which prevails, that is the price of flour as it was in 2011.
CPI is a universal indicator for the economy and does not take into account the consumption pattern of a particular social group or consumption of a particular region. At that the cost of consumption of individual groups may vary disproportionately to the CPI and is dependent on price fluctuations for most commonly consumed goods and/or services in these groups.
News of Non-Bank Financial Institutions
The National Bank of the Kyrgyz Republic issued licenses/certificates to the following NFCI
and exchange office:
1. Djumagulova Gulnar Egemazarovna (License No 4876 dated March 27, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2925. Legal address: 137, Gorky street (Central market), Tokmok, Chui oblast;
2. Argimbaev Ulan Toktonalievich (License No 4877 dated March 27, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2926. Legal address: 96, Pushkin street (Central market), Tokmok, Chui oblast;
3. Myrzaliev Satarkul Satybaldievich (License No 4878 dated March 27, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2927. Legal address: 282, Kurmanjan Datka street, Bishkek;
4. Kolantay Gennady Petrovich (License No 4879 dated March 27, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2928. Legal address: 4-162, Moskovskaya street, Bishkek;
5. Asanaliev Kuttuubek Mukanbetazimovich (License No 4880 dated March 28, 2012 for conducting cash foreign exchange transactions), Registration numbers of exchange offices: 2929, 2930. Legal address: 54b, Patrisa Lumumba street, Automarket “Kudaibergen”, main entrance, container 28/1, Bishkek;
6. Jusupov Emilbek Jolchubekovich (License No 4881 dated March 28, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2931. Legal address: Dordoi market, Central passage, container 16, Bishkek;
7. Sartpaev Kanybek Sagynbekovich (License No 4882 dated March 29, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2932. Legal address: a/n, Suerkulov street, 3 microdistrict, between the houses 25 and 24;
8. LLC “LTJ-ECU” (License No 4883 dated March 29, 2012 for conducting cash foreign exchange transactions), Registration numbers of exchange offices: 2933, 2934 and 2935. Legal address: 1, Chimkentskaya street (southern part, northern part and building the Western Bus Station);
9. LLC MCC “Nur Kut” (Account Registration Certificate No.443 dated March 29, 2012 for micro crediting individuals and legal entities). Legal address: 209, Moskovskaya street, Bishkek.
The National Bank of the Kyrgyz Republic revoked certificates/licenses from the following NBFI:
License No. 4811 as of December 16, 2011 for conducting cash foreign exchange transactions of PE Taibagarov Osmon Jumagulovich has been revoked from March 29, 2012. Legal address: 61, Lev Tolstoy street (Flower shop), Bishkek.
Interbank payments
|
Indexes of the Interbank Payment Systems (IPS) |
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|
|
Total IPS |
including |
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|
Clearing system |
Gross system |
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|
Volume, KGS |
Quantity, items |
Volume, KGS |
Quantity, items |
Volume, KGS |
Quantity, items |
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|
Indexes for the period from March 26 to March 31, 2012 (Reporting period) |
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|
Absolute Value |
13 266 494 884,38 |
66 889 |
1 621 415 394,99 |
63 776 |
11 645 079 489,39 |
3 113 |
||
|
Share in IPS payments (%) |
100,0 |
100,0 |
12,2 |
95,3 |
87,8 |
4,7 |
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|
including (%): |
|
|
|
|
|
|
||
|
Net positions of Common Interbank Processing Center |
0,1 |
0,5 |
0,6 |
0,6 |
0,0 |
0,0 |
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|
Outgoing to the Central Treasurer's Office |
20,4 |
8,9 |
22,7 |
9,1 |
20,0 |
3,2 |
||
|
Incoming from the Central Treasurer's Office |
15,2 |
29,6 |
14,1 |
31,0 |
15,4 |
1,8 |
||
|
Outgoing to the Social Fund |
0,1 |
0,2 |
0,8 |
0,2 |
0,0 |
0,0 |
||
|
Incoming from the Social Fund |
0,4 |
2,0 |
2,9 |
2,1 |
0,0 |
0,0 |
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|
Average weekly indices for the previous month |
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|
Absolute Value |
11 097 839 260,94 |
39 856 |
1 148 581 597,60 |
37 388 |
9 949 257 663,35 |
2 468 |
||
|
Indexes deviations of the reporting period from the weekly average indexes of the previous month |
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|
Absolute Value |
2 168 655 623,44 |
27 033 |
472 833 797,39 |
26 389 |
1 695 821 826,04 |
645 |
||
|
% |
19,5 |
67,8 |
41,2 |
70,6 |
17,0 |
26,1 |
||
Indices of the national payment system Elcart
|
As of |
23.03.2012 |
30.03.2012 |
|
Number of cards in circulation (exclusively of re-issued cards) |
126 261 |
126 896 |
|
Number of pos-terminals, including: - in banks - in trade centers |
716 457 259 |
718 458 260 |
|
Number of automated teller machines |
171 |
172 |