CONSTITUTIONAL LAW OF THE KYRGYZ REPUBLIC

of April 16, 2025 No. 74

About introduction of amendments to the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on March 20, 2025

Article 1.

Bring in the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" (the newspaper of "Erkin-limited liability partnership" of August 17, 2022 No. 72-74) the following changes:

Article 5 to add 1) with Items 6-1 and 6-2 of the following content:

"6-1) has exclusive right of carrying out issue (release) of digital som and establishes procedure for its release and the address;

6-2) will organize and provides functioning of platform of digital som and is operator of platform of digital som;";

To add 2) with Chapter 4-1 of the following content:

"Chapter 4-1. Digital som of the Kyrgyz Republic

Article 22-1. Digital som

1. Digital som - the national currency of the Kyrgyz Republic in digital form which is legal means of payment in the territory of the Kyrgyz Republic.

2. The digital som is released in digital form on specialized platform.

3. Operator of platform of digital som is the National Bank.

4. The platform of digital som represents technological and program infrastructure for issue (release), accounting and distribution of digital som.

Article 22-2. Issue of digital som

1. The National Bank possesses exclusive right on carrying out issue (release) digital som.

2. The digital som is unconditional obligation of National Bank and is provided with all its assets.

3. Conclusion from the address of digital som on specialized platform is exclusive right of National Bank.

Article 22-3. Organization of the address of digital som

National Bank for the purpose of the organization of the address of digital som:

1) predicts the needs for release of digital som;

2) is established by procedure and requirements to storage, transfer and protection of digital som for banks and other persons, persons under surveillance to National Bank;

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