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Procedure for Rounding Tyn Remainder Amounts to 50 Tyn in Cash Transactions in the Kyrgyz Republic

The Government of the Kyrgyz Republic and its National Bank have issued a binding procedure mandating standardized rounding rules for tyn remainder amounts in cash transactions across all business entities and budgetary institutions. The regulation requires that remainders of 1 to 24 tyn be rounded down to zero, 25 to 49 tyn be rounded up to 50 tyn, 50 to 74 tyn be rounded down to 50 tyn, and 75 to 99 tyn be rounded up to one som. Non-cash transactions continue to process exact amounts without any rounding adjustments.

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Kyrgyzstan

National Bank of the Kyrgyz Republic

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Date of creation: 2011-12-13

Approved by the Resolution of the Government of the Kyrgyz Republic and the National Bank of the Kyrgyz Republic dated «_____» _______________ 2011

No. ________________

Procedure for Rounding Tyn Remainder Amounts to 50 Tyn in Cash Transactions in the Kyrgyz Republic.

  1. This Procedure for Rounding Amounts applies to all business entities and budgetary institutions.

  2. Cash transactions shall be carried out with amount rounding as follows:

  • if the tyn remainder amount is from 1 to 24 tyn, the tyn remainder value is rounded down to zero;
  • if the tyn remainder amount is from 25 to 49 tyn, the tyn remainder value is rounded up to 50 tyn.
  • if the tyn remainder amount is from 50 to 74 tyn, the tyn remainder value is rounded down to 50 tyn.
  • if the tyn remainder amount is from 75 to 99 tyn, the tyn remainder value is rounded up to 1 som.
  1. Non-cash transactions are carried out without rounding the tyn remainder.

Contacts Public Reception Office: +996 (312) 61-04-86, +996 (312) 66-90-15, ext. +1257, +1256 Consumer Rights Protection Department: +996 (312) 66-90-15, ext. +1671, +1666 Report Corruption: +996 (312) 66-90-15, ext. +2120; +996 (312) 61-04-00 Official Exchange Rate Auto-Information System: +996 (312) 61-07-11 Numismatic Museum: +996 (312) 66-90-15, ext. +1232; +996 (312) 61-24-14 E-mail: mail@nbkr.kg Media Relations: press@nbkr.kg 720010, Kyrgyz Republic, Bishkek city, Kievskaya street, 189

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