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RESOLUTION OF THE CABINET OF MINISTERS OF THE KYRGYZ REPUBLIC

of June 19, 2023 No. 305

About approval of the Regulations on procedure for carrying out transactions on exchange of currency assets

According to Article 71 of the Budget code of the Kyrgyz Republic, being guided by articles 13, of the 17th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic", the Cabinet of Ministers of the Kyrgyz Republic decides:

1. Approve Regulations on procedure for carrying out transactions on exchange of currency assets according to appendix.

2. This resolution becomes effective after fifteen days from the date of official publication.

Chairman of the Cabinet of Ministers of the Kyrgyz Republic

A. Zhaparov

Appendix

to the Resolution of the Cabinet of Ministers of the Kyrgyz Republic of June 19, 2023 No. 305

Regulations on procedure for carrying out transactions on exchange of currency assets

1. General provisions

1. This Regulations on procedure for carrying out transactions on exchange of currency assets (further - the Provision) determine procedure for carrying out by authorized state body by forecasting and budget implementation (further - authorized body) exchange of currency assets (further - currency swap transactions) with financial credit institutes and other organizations of the Kyrgyz Republic (further - the participant).

2. The authorized body carries out currency swap transactions according to the Budget code of the Kyrgyz Republic, this Provision.

3. The authorized body performs the following types of currency swap transactions:

- direct swap;

- return swap.

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