Regulatory Alerts | 120331Instruction on the Handling of Suspicious Banknotes and Coins of the National Currency
The National Bank of the Kyrgyz Republic issued this Instruction to establish standardized procedures for financial-credit organizations and their cashiers in handling, verifying, and reporting suspicious national currency banknotes and coins. It mandates the use of specific detection instruments, requires immediate withdrawal and documentation of suspicious notes upon discovery by clients or during cash counting, and sets strict timelines for expert examination, client notification, and the transfer of confirmed counterfeits to law enforcement. Furthermore, it clarifies material liability distribution between clients and cashiers while ensuring a fee-free, centralized tracking system for counterfeit currency across the republic.
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