Regulatory Alerts2023-07-26 | 115561Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2023-P-14/45-4-(PS) on Suspension of Certain Provisions of Resolution No. 30/6 Regarding Money Transfer Rules dated July 26, 2023
The Board of the National Bank of the Kyrgyz Republic issued Resolution No. 2023-P-14/45-4-(PS) on July 26, 2023, to suspend paragraphs three and four of its 2009 money transfer rules and mandate that international transfers within the country be delivered to recipients in the sender's chosen foreign currency. The resolution further requires that recalls or cancellations of these transfers be processed in the original currency, thereby preventing speculative foreign exchange operations through domestic money transfer systems. This measure takes effect 15 days after official publication and remains valid until the Board adopts a subsequent decision.
Share