Regulatory Alerts2013-03-28 | 132547Rules for Determining Official Exchange Rates of Foreign Currencies Against the Kyrgyz Som by the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued these Rules to establish a standardized procedure for calculating and announcing official foreign currency exchange rates against the Kyrgyz som. The document mandates daily calculations for the US dollar, euro, Russian ruble, Chinese yuan, and Kazakh tenge using weighted averages or cross-rates via Reuters/Bloomberg data, while weekly rates for other currencies are derived similarly. It further defines technical failure and force majeure protocols to ensure continuous rate publication, reserves the Bank's authority to amend the currency list, and specifies precise calculation methods, cross-rate formulas, and official publication channels.
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