of March 25, 1999 No. 20/7
About basic provisions on the organization of payment system in the Kyrgyz Republic
Having considered the draft document "About Basic Provisions on the Organization of Payment System in the Kyrgyz Republic" taking into account the arrived notes and offers, the Board of National Bank of the Kyrgyz Republic decides:
1. Approve the document "About Basic Provisions on the Organization of Payment System in the Kyrgyz Republic" it (is applied).
2. To management of payment systems to develop regulating documents and to carry out work on the organization of payment system in the Kyrgyz Republic according to this Provision.
3. To management of payment systems to bring this Resolution to the attention of commercial banks till April 10, 1999.
4. To impose control over execution of this Resolution on the Vice-chairman of National Bank of the Kyrgyz Republic - Omorova Zh. D.
Acting Chairman of the board
Sarbanov U. K.
Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of March 25, 1999 No. 20/7
This provision represent the main requirements to the organization and regulation of payment system of the Kyrgyz Republic which are intended for increase in efficiency of payment system and decrease in risks in payment system.
The organization of payment system of the Kyrgyz Republic, policy of National Bank on risk management in payment system and development planning of payment system of the Kyrgyz Republic shall be developed and be carried out according to these Provisions.
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The document ceased to be valid since December 1, 2015 according to Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic of November 25, 2015 No. 71/12