RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 26, 2008 No. 42/3

About new edition of the Provision "About Required Reserves"

Having considered the project of new edition of the Provision "About Required Reserves" developed according to articles 7 and 22 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides:

1. Approve new edition of the Provision "About Required Reserves" it (is applied).

2. In accordance with the established procedure to direct to economic management together with Legal department this resolution to state registration in the Ministry of Justice of the Kyrgyz Republic.

3. This resolution becomes effective after state registration in the Ministry of Justice of the Kyrgyz Republic and the subsequent official publication.

4. After publication of the registered regulation to Legal department to inform the Ministry of Justice of the Kyrgyz Republic on publication source (the name of the edition, its number and date).

5. From coming into force of this resolution to recognize invalid:

- Items 3, 4 resolutions of Board of NBKR "About the Exchange Rate of US Dollar Applied to Converting of Currency Deposits when Calculating Mandatory Reserve Requirements" - No. 4/3 of February 2, 2000;

- The resolution of Board of NBKR "About approval of new edition of the Provision "About Required Reserves" No. 22/4 of August 27, 2004, registration number MU of the KR No. 108-04 of 05.10.2004;

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