The National Bank of the Kyrgyz Republic is bringing to the commercial banks’ notice that in accordance with the information placed on the official website of the National Bank of the Republic of Kazakhstan, from October 3, 2016 the banknotes with the face value KZT 2000, 5000 and 10000 of the 2006 year specimen, terminate their circulation in the Republic of Kazakhstan. Up to the indicated date, these banknotes are lawful payment instrument and are used for payments and bank transactions throughout the Republic of Kazakhstan without any restrictions. 

From October 4, 2016 to October 3, 2017 within 12 months these banknotes shall be exchanged in any regulated bank of the Republic of Kazakhstan. These banknotes will be accepted for exchange in all branches of the National Bank of the Republic of Kazakhstan up to October 3, 2020 free of charge without charging the fee or the payment for exchange. 

BTA Bank successfully posted the first tranche of the funds allocated Russian-Kyrgyz Development Fund in the amount of 65 million soms.

The first tranche amount will be used in such sectors of Kyrgyzstan, as agribusiness, processing and manufacture of agricultural products, transport, textiles, medicine and tourism.

We look optimistically that all 22 projects financed from the funds of the first tranche Russian-Kyrgyz Development Fund will be a success for all of us and will become a launching pad in the program of financing of small and medium businesses and will have a multiplier effect in all spheres of the economy. The first tranche allocated Russian-Kyrgyz Development Fund was distributed in almost all areas of the Kyrgyz Republic, where there is BTA Bank” – said the first Deputy Chairman of the Board Ruslan Boronbaev.

On February 8, 2016, the Board of the National Bank approved the Provisional Regulation “On the procedure of swap operations (non-deliverable) between the National Bank of the Kyrgyz Republic and commercial banks” and the Provisional Regulation “On credit granting by the National Bank of the Kyrgyz Republic to commercial banks in case of conversion of credits in the foreign currency into the national one”. These regulatory acts are aimed at practical implementation of the resolution of the Government of the Kyrgyz Republic as of February 1, 2016 No. 33-р on conversion of credits to individuals for housing purchase, denominated in the foreign currency into the national one.