RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of May 30, 2014 No. 24/8

About approval of "The instruction about procedure for observance of limits of open foreign exchange positions by microfinance companies"

According to Articles 4, "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides 7 and 43 Laws of the Kyrgyz Republic:

1. Approve "The instruction about procedure for observance of limits of open foreign exchange positions by microfinance companies" it (is applied).

2. Declare invalid the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Instruction "About procedure for observance of limits of open foreign exchange position by the microfinance companies performing acceptance of deposits" of April 15, 2009 No. 19/6.

3. To legal management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic;

- after official publication to send this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

4. This resolution becomes effective after one month from the date of official publication.

5. To management of methodology of supervision and licensing to bring this resolution to the attention of microfinance companies, Associations of the microfinancial organizations, the relevant structural divisions of National Bank of the Kyrgyz Republic, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

6. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Chokoyev Z. L.

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