RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 30, 2000 No. 42/2

About approval of the Regulations on licensing procedure on the right of carrying out exchange transactions with cash foreign currency

Having considered the "Regulations on Licensing Procedure on the Right of Carrying Out Exchange Transactions with Cash Foreign Currency" project, the Board of National Bank of the Kyrgyz Republic decides:

1. Approve "Regulations on licensing procedure on the right of carrying out exchange transactions with cash foreign currency" it (is applied) and to enact it from the date of state registration in the Ministry of Justice of the Kyrgyz Republic.

2. Declare invalid "Regulations on licensing procedure on the right of carrying out exchange transactions with cash foreign currency", approved by the resolution of Board of National Bank of the Kyrgyz Republic of September 28, 1995 No. 23/1 from the date of enforcement "Regulations on licensing procedure on the right of carrying out exchange transactions with cash foreign currency".

3. Determine that forms of earlier granted licenses for the right of carrying out exchange transactions with cash foreign currency are effective before the expiration of their effective period.

4. To the NBKR legal department to carry out registration in the Ministry of Justice of the Kyrgyz Republic "Regulations on licensing procedure on the right of carrying out exchange transactions with cash foreign currency".

5. The operating exchange bureau to bring activities into accord with requirements of again accepted provisions and to carry out registration of exchange bureaus in Department of supervision of non-bank organizations of Management of banking supervision within 3 months from the date of enforcement "Regulations on licensing procedure on the right of carrying out exchange transactions with cash foreign currency".

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