of June 5, 1995 No. 6-1
About foreign currency transactions
This Law fixes powers of National Bank of the Kyrgyz Republic (further Bank of Kyrgyzstan) in carrying out single monetarist policies, determines procedure of foreign currency transactions, establishes market mechanism of currency exchange, proclaims freedoms of movement of foreign currency and securities expressed in it from abroad and abroad.
In this Law the used concepts mean the following:
"Authorized banks" are the banks which obtained the license of Bank of Kyrgyzstan for the right of carrying out foreign currency transactions.
"The exchange bureau" is the specially equipped Item created by the legal entity for carrying out the exchange transactions with cash foreign currency performed according to the license of Bank of Kyrgyzstan.
"Instrument of payment" is cash (banknotes, coins, travel checks and other possible instruments of payment), and also payment non-cash (the payment orders, letters of credit, payment requirements orders and other possible instruments of payment accepted in the international banking practice).
"The current payments" are payments for commodity import and services, including interest payments on loans and dividends on deposits.
"The current receipts" are payments for commodity export and services, including interest payments on loans and dividends on deposits.
"Transfers of the capital" is import and capital export, including transactions on deposits, loans and other investments, and also all transactions with foreign currency and securities expressed in it.
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The document ceased to be valid since June 21, 2017 according to article 6 of the Law of the Kyrgyz Republic of December 16, 2016 No. 207