REPEALED

in accordance with the resolution of the Board of the National Bank of the Kyrgyz Republic No. 2019-П-07/10-2 of 13 March 2019

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of 8 December 2014 No. 54/2

On Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On the Daily Minimum Level of Required Reserves of Banks" No. 50/1 of 14 November 2014

In accordance with Articles 7, 22 and 43 of the Law "On the National Bank of the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic resolves:

RESOLVES:

1. To introduce into the resolution of the Board of the National Bank of the Kyrgyz Republic "On the Daily Minimum Level of Required Reserves of Banks" No. 50/1 of 14 November 2014 the following amendment:

• to restate paragraph 1 as follows:

"1. To establish that the amount of funds in the correspondent account of each commercial bank with the National Bank for meeting required reserve requirements on a daily basis must be no less than 90 percent of the volume of the bank's required reserves established for the corresponding period.

2. To the Legal Department:

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

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

3. To the Economic Department to bring this resolution to the attention of the structural subdivisions of the National Bank of the Kyrgyz Republic and commercial banks.

4. This resolution enters into force on 15 December 2014.

5. To assign control over the implementation of this resolution to the Deputy Chairman of the National Bank of the Kyrgyz Republic, Zhenish N.

Acting Chairman	N. Zhenish