Regulatory Alerts2014-01-29 | 127982Regulation on the 7-Day Credit of the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish a standardized 7-day credit facility for licensed commercial banks, providing short-term liquidity in national currency through auctions or a standing facility. The document mandates that participating banks maintain sufficient collateral, typically state or international financial organization securities, and adhere to strict application procedures, interest rate calculations, and repayment timelines. It further defines the roles of the Monetary Policy Committee, the Central Depository, and out-of-court enforcement mechanisms to ensure efficient liquidity management and risk mitigation within the domestic banking system.
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