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.