Resolution of the Board of the National Bank of the Kyrgyz Republic No. 8/2 of 19 March 2010 on Approval of the Regulation on Required Reserves

REPEALED in accordance with resolution of the Board of the National Bank of the Kyrgyz Republic No. 2019-П-07/10-1 of 13 March 2019

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

No. 8/2 of 19 March 2010

On Approval of the Regulation "On Required Reserves"

(As amended by resolution of the Board of the National Bank of the Kyrgyz Republic No. 34/1 of 19 May 2010)

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

RESOLVES:

1. To approve the Regulation "On Required Reserves" (attached).

2. (Repealed in accordance with resolution of the Board of the National Bank of the Kyrgyz Republic No. 34/1 of 19 May 2010)

3. To establish the fee rate for non-compliance with required reserve requirements from a commercial bank at three times the average discount rate of the National Bank of the Kyrgyz Republic for the base period.

4. To recognize as repealed:

• resolution of the Board of the National Bank of the Kyrgyz Republic No. 5/5 of 14 March 2001 "On the new edition of the 'Regulation on Required Reserves'";

• resolution of the Board of the National Bank of the Kyrgyz Republic No. 42/3 of 26 November 2008 "On the new edition of the Regulation 'On Required Reserves', registered with the Ministry of Justice of the Kyrgyz Republic on 31 December 2008, registration number No. 157-08;

• resolution of the Board of the National Bank of the Kyrgyz Republic No. 4/3 of 2 February 2000 "On the US dollar exchange rate applied for converting foreign currency deposits when calculating required reserve requirements".

5. From 31 May 2010, to establish the exchange rates of foreign currencies for converting foreign currency liabilities included in the list for calculating required reserves, and deposits in foreign currency with the NBKR used for calculating required reserves, at the level of the official rates of the National Bank of the Kyrgyz Republic.

6. This resolution enters into force on 31 May 2010.

7. After official publication, the Legal Department shall send this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Normative Legal Acts of the Kyrgyz Republic.

8. The Economic Department shall bring this resolution to the attention of structural subdivisions and commercial banks.

9. To assign control over the execution of this resolution to the Deputy Chairman of the National Bank of the Kyrgyz Republic Abdybaly tegin S.

Chairman	M. Alapaev