of December 15, 1998 No. 34/3
About Regulations on the credit of final instance
Having considered the project of the Regulations on the credit of final instance developed for the purpose of unconditional accomplishment of the deposit liabilities by commercial banks in national currency. The board of National Bank of the Kyrgyz Republic decides:
1. Approve Regulations on the credit of final instance taking into account the stated notes and offers and to enact since December 15, 1998.
2. To approve the size of loan interest rate of final instance in the amount of equal 0.8 from discount rate of NBKR calculated on annual basis on date of issue of each tranche.
3. To management of monetary transactions to explain and bring the accepted "Provision on the credit of final instance" and the approved size of interest rate for this credit to data of commercial banks.
4. Consider since December 15, 1998 invalid the "Regulations on Extraordinary crediting" approved by the Resolution of Board No. 12/2 NBKR of June 4, 1995.
5. Control, behind execution of this Resolution to assign to the vice-chairman Abdumanapov E. S.
Chairman of the board
M. A. sultans.
Approved by the Resolution of Board of National Bank of the Kyrgyz Republic No. 34/3 of December 14, 1998
1.1. The credit of final instance is applied in exceptional cases, in case of exhaustion by commercial banks of all available means and opportunities of maintenance of the minimum level of liquidity.
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The document ceased to be valid since July 8, 2017 according to Item 2 of the Resolution of Board of National Bank of the Kyrgyz Republic of June 14, 2017 No. 2017-P-09/24-6-(NPA)