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National Bank of the Kyrgyz
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National Bank of the Kyrgyz Republic
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The National
Bank of the Kyrgyz Republic (Kyrgyz: Кыргыз Республикасынын Улуттук Банкы)
is the central bank of Kyrgyz Republic. The status, objectives, functions, powers
and principles of organization and activity of the National Bank of the
Kyrgyz Republic are legislatively determined by the Constitution of the
Kyrgyz Republic and the Law of the Kyrgyz Republic 'On the National Bank of
the Kyrgyz Republic'. |
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AThe overall
objective of the activity of the National Bank of the Kyrgyz Republic is to
achieve and maintain stability of prices by means of implementing an
appropriate monetary policy.
The primary task contributory to attainment of the corporate objective of
the bank is to maintain a purchasing power of the national currency, and
safety and reliability of the banking and payment system of the republic
(Article 3 of the Law of the Kyrgyz Republic 'On the National Bank of the
Kyrgyz Republic'). |
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To perform its assigned tasks, the National Bank of the Kyrgyz Republic
independently manages and engages in its activity irrespective of
governmental authorities.
The National Bank of the Kyrgyz Republic performs the following basic
functions:
1) Develops, determines and implements the monetary policy in the Kyrgyz
Republic;
2) Exercises regulation and supervision over activities of banks and finance
and credit institutions licensed by the National Bank of the Kyrgyz
Republic;
3) Develops and conducts the uniform currency policy;
4) Has the sole responsibility to issue banknotes;
5) Promotes effective functioning of the payment system; and
6) Establishes rules of conducting banking operations, accounting and
reporting for the banking system.
The National Bank commits itself to providing effective support functions
through a sound banking and financial control system, appropriate
information system and the development of competent and qualified staff. |
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National Bank of the Kyrgyz Republic |
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HQ
Address: |
101
T.Umetaliev str.
Bishkek - 720040
Kyrgyz Republic |
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Tel: |
+996 312 66 91 34 |
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Fax: |
+996 312
61 07 30 |
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Website: |
www.nbkr.kg |
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Email: |
mail@nbkr.kg |
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Currency: |
Som |
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Banking Hours: |
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Monday - Friday : 9.00am - 6.00pm |
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Like all other central banks in
the world, National Bank of the Kyrgyz
Republic must be well managed
and pursue a goal-oriented approach, as consistent as possible with
international best practice. The National Bank also responsible in determined the
Base Interest Rate in Kyrgyz Republic. |
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