Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2020-P-09/67-5-(DCP) on Amending the Resolution on the Issue, Placement, Circulation and Redemption of NBSR Notes

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Creation date: 2020-11-26

Resolution of the Board

National Bank

of the

Kyrgyz Republic

of November 25, 2020

No. 2020-P-09/67-5-(DCP)

On Amending the Resolution

of the Board of the National Bank of the Kyrgyz Republic

"On Approving the Regulation 'On the Issue, Placement, Circulation and Redemption

of Notes of the National Bank of the Kyrgyz Republic' dated March 28, 2013 No. 10/6

In accordance with Articles 20 and 68 of the Law of the Kyrgyz Republic

"On the National Bank of the Kyrgyz Republic, Banks and Banking Activity", the Board of the National Bank of the Kyrgyz Republic resolves:

1. Make the following amendment to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approving the Regulation 'On the Issue, Placement, Circulation and Redemption of Notes of the National Bank of the Kyrgyz Republic' dated March 28, 2013 No. 10/6":

in the Regulation "On the Issue, Placement, Circulation and Redemption of Notes of the National Bank of the Kyrgyz Republic", approved by the aforementioned resolution:

• rephrase paragraph 17 as follows:

"17. The Monetary and Credit Committee of the National Bank (hereinafter referred to as the MCC) shall make a decision on the issuance of National Bank notes and shall establish the method, volume, maturity, maximum yield, date of the auction, as well as make a decision on the additional placement of National Bank notes."

2. To the Legal Department:

• publish this resolution on the official website of the National Bank of the Kyrgyz Republic;

• after official publication, send this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Legal Acts of the Kyrgyz Republic.

3. This resolution shall enter into force from the day of its official publication.

4. The Monetary Operations Department shall bring this resolution to the attention of commercial banks and relevant structural subdivisions of the National Bank of the Kyrgyz Republic.

5. Control over the implementation of this resolution shall be entrusted to the Member of the Board of the National Bank of the Kyrgyz Republic overseeing the Monetary Operations Department.

Chairman

T. Abdygulov

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