RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 14, 2022 No. 2022-P-14/78-6-(PS)

About introduction of amendments to the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Concept of digital som"

According to article 64 of the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides:

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Concept of digital som" of May 25, 2022 No. 2022-P-14/32-3-(PS) the following changes:

in the Concept of digital som approved by the above-stated resolution:

- in paragraph 15 of Section 2 of the word "article 30 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity" shall be replaced with words "article 20 of the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic";

- to state paragraph 3 of Section 6 in the following edition:

"According to article 14 of the Constitution of the Kyrgyz Republic, Article 34 of the Civil code of the Kyrgyz Republic, article 19 of the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" monetary unit in the Kyrgyz Republic is the som, and money issue is performed by exclusively National Bank of the Kyrgyz Republic (article 106 of the Constitution of the Kyrgyz Republic, articles 5 and 20 of the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic"). The digital som emitted by National Bank of the Kyrgyz Republic will be official monetary unit in the Kyrgyz Republic obligatory to acceptance as instrument of payment.";

- in paragraph 8 of Section 6 of the word "-in the Law "About National Bank of the Kyrgyz Republic, Banks and Banking Activity" shall be replaced with words" - in the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" and the Law of the Kyrgyz Republic "About banks and banking activity".

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