Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2021-P-13/68-3-(NPA) of December 8, 2021 on Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 33/5 of August 27, 2008

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of December 8, 2021 No. 2021-P-13/68-3-(NPA)

On Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation "On the Signs of Payment Validity and Rules for the Exchange of Banknotes and Coins of the Kyrgyz Republic" dated August 27, 2008 No. 33/5

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 changes to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Regulation "On the Signs of Payment Validity and Rules for the Exchange of Banknotes and Coins of the Kyrgyz Republic" dated August 27, 2008 No. 33/5:

In the Regulation "On the Signs of Payment Validity and Rules for the Exchange of Banknotes and Coins of the Kyrgyz Republic," approved by the aforementioned resolution:

• rephrase paragraph 2 of item 16 as follows:

"In the event of an unlawful refusal to exchange damaged banknotes/coins or to exchange valid banknotes/coins of one denomination for others in commercial banks, commercial banks bear responsibility in accordance with Article 300 of the Code of the Kyrgyz Republic on Administrative Offenses.";

• rephrase item 20 as follows:

"20. In the event of illegal use and reproduction of images of banknotes/coins of the national currency or any semi-finished products of their images (in one or several colors), which by their properties (size, color, image) can be accepted in payment circulation as genuine banknotes of the national currency of the Kyrgyz Republic, physical and legal persons bear responsibility in accordance with Article 304 of the Code of the Kyrgyz Republic on Administrative Offenses."

2. This resolution enters into force upon the expiration of fifteen days from the date of its official publication.

3. 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.

4. The Department for the Development of the State Language and Document Management shall bring this resolution to the attention of commercial banks, regional departments, and the Batken Representative Office of the National Bank of the Kyrgyz Republic.

5. Control over the implementation of this resolution shall be entrusted to a member of the Board of the National Bank of the Kyrgyz Republic overseeing the management of cash currency.

Chairman	K. Bokontaev