Within the program Japan International Cooperation Agency (JICA), “Strengthening business associations”, President of the Association of the Union of Banks of Kyrgyzstan, Mr. Anvar Abdraev, met the leaders of the Association of Japanese banks led by, Director of the Association Mr. Hideharu Iwamoto.
The President of the Union of Banks of Kyrgyzstan, Anvar Abdraev, met the leaders of the Association of Japanese bankers in Tokyo
Money transfers system “Bizdin Companion” – has passed the registration procedure in the National Bank
The JSC Bank Companion – the operator of the money transfers system Bizdin Companion – has passed the registration procedure in the National Bank of the Kyrgyz Republic.
In compliance with the Rules of making Money Transfers in the Kyrgyz Republic (the NBKR Board Resolution No. 59/6 dated 09.30.2015), the JSC Bank Companion – the operator of the money transfers system Bizdin Companion – was registered in the register of Operators rendering Services via Money Transfer Systems in the Kyrgyz Republic under the registration number 1038210116 on January 21, 2016.
Official Statement of the National Bank of the Kyrgyz Republic, January 13, 2016
Due to the information appeared in certain mass media about imposing of restrictions on foreign-currency sale by commercial banks and exchange offices, the National Bank of the Kyrgyz Republic reports the following.
1. The National Bank did not impose any restrictions on exchange operations for commercial banks and exchange offices. There is currently adequate volume of currency assets in the banking system of the country: the balance of US dollars in commercial banks amounts to USD 408.7 million as of January 11, 2016, US dollars 51.5 million of which are cash and US dollars 357.2 million– non-cash.
The National Bank of the Kyrgyz Republic decided to keep the policy rate at 10%
On December 28, 2015, the Board of the National Bank of the Kyrgyz Republic decided to keep the monetary policy rate at 10.00 percent.
Despite the ongoing recession and the slowdown in economic activity in the countries — main trading partners, the Kyrgyz Republic still has positive growth, in spite of slight slowdown, due to the decrease of production at the «Kumtor» gold-mining company. Economic growth in January-November of 2015 was 3.6 percent, without «Kumtor» the real GDP growth was 3.8 percent (in January-November 2014 the real growth was 4.0 percent, without «Kumtor» 4.8 percent).
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