RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of September 13, 2023 No. 2023-P-07/58-1-(DKP)

About modification of the resolution of Board of National Bank of the Kyrgyz Republic "About standard rates of mandatory reserve requirements for banks" of March 13, 2019 No. 2019-P-07/10-2-(DKP)

According to Articles 5, 9 and 64 constitutional Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" and the Provision "About Required Reserves" approved by the resolution of Board of National Bank of the Kyrgyz Republic of March 13, 2019 No. 2019-P-07/10-1-(DKP), 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 standard rates of mandatory reserve requirements for banks" of March 13, 2019 No. 2019-P-07/10-2-(DKP) the following change:

- in the subitem to replace 3 Items of 1 figure "14,00" with figures of "15,00".

2. This resolution becomes effective since October 9, 2023.

3. To legal management:

- from the date of receipt of the relevant documents within 3 (three) working days to 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.

4. To economic management after official publication within 3 (three) working days to bring this resolution to the attention of commercial banks, OYuL "Union of Banks of Kyrgyzstan", structural divisions, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

5. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising economic management.

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