RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of October 25, 2017 No. 2017-P-07/45-3-(DKP)

About entering of amendment and change into the resolution of Board of National Bank of the Kyrgyz Republic "About the daily minimum level of required reserves of banks" of November 14, 2014 No. 50/1

According to Articles 20, "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides 27 and 68 Laws of the Kyrgyz Republic:

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About the daily minimum level of required reserves of banks" of November 14, 2014 No. 50/1 the following amendment and change:

- in the name of the resolution in state language after words "камдарынын" to add mildettua with the word "kundoluk";

- state Item 1 in the following edition:

"1. Determine that the size of means on correspondent account of each commercial bank in National Bank and assets in the form of gold on the depersonalized metal account of commercial bank in National Bank for accomplishment of ORT on daily basis shall constitute at least 90 percent from amount of the required reserves of commercial bank established for the corresponding period.".

2. To legal management:

- publish this resolution on the official website of National Bank of the Kyrgyz Republic;

- after official publication to send this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

3. To economic management to bring this resolution to the attention of commercial banks.

4. This resolution becomes effective from the date of official publication.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic N. Zhenish.

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