RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of April 4, 2025 No. 2025-P-12/14-1-(BS)

About implementation of the order of the Cabinet of Ministers of the Kyrgyz Republic of March 17, 2025 No. 171-r

For the purpose of ensuring stability of financial system and economic safety of the Kyrgyz Republic, implementation of the order of the Cabinet of Ministers of the Kyrgyz Republic of March 17, 2025 and according to Articles 4, of 5, of 9, of 28, 41 and 64 constitutional Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides No. 171-r:

1. Within the pilot project determined by the order of the Cabinet of Ministers of the Kyrgyz Republic of March 17, 2025 No. 171-r (further - the order of the Cabinet of Ministers), to commercial banks of the Kyrgyz Republic to perform transaction types, specified in Item 2 of the order of the Cabinet of Ministers, through the clearing bank determined by the Cabinet of Ministers of the Kyrgyz Republic (further - clearing bank).

2. Commercial banks of the Kyrgyz Republic for realization of Item 1 of this resolution in the period of pilot project are allowed to establish correspondence relations on accounts in the currency specified at the disposal of the Cabinet of Ministers with clearing bank as corresponding bank (intermediary bank).

3. To provide to commercial banks of the Kyrgyz Republic observance of all economic standard rates. At the same time requirements of regulatory legal acts of National Bank are obligatory to execution taking into account requirements of this resolution.

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