Regulatory Alerts | 106197Regulation on the Characteristics of Currency and Rules for the Exchange of Banknotes and Coins of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish clear criteria for currency status and standardized exchange procedures for damaged banknotes and coins. It mandates commercial banks and the National Bank to accept, verify, and exchange worn or damaged notes and coins based on specific area, weight, and authenticity thresholds, ensuring full or proportional nominal value reimbursement. The document further outlines the expert review process, required documentation, liability for unjustified refusals, and procedures for handling doubtful or counterfeit currency.
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