RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of January 27, 2021 No. 2021-P-07/4-5-(DKP)

About modification of the resolution of Board of National Bank of the Kyrgyz Republic "About standard rates of mandatory reserve requirements for banks" of March 13, 2019 No. 2019-P-07/10-2-(DKP)

According to Articles 20, 27 and 68 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity" and the Provision "About Required Reserves" approved by the resolution of Board of National Bank of the Kyrgyz Republic of March 13, 2019 No. 2019-P-07/10-1-(DKP), the Board of National Bank of the Kyrgyz Republic decides:

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About standard rates of mandatory reserve requirements for banks" of March 13, 2019 No. 2019-P-07/10-2-(DKP) the following change:

- state Item 2 in the following edition:

"2. Approve the following structure of the reserve assets intended for observance of ORT:

1) money of banks on correspondent account in National Bank of the Kyrgyz Republic;

2) assets in the form of gold on the depersonalized metal account of banks in National Bank of the Kyrgyz Republic;

3) balances on hand in ATMs of banks in national currency.";

- add with Item 2-1 of the following content:

"2-1. Establish the following sizes of the assets included in reserve assets for observance of ORT:

1) for money of banks on correspondent account in National Bank of the Kyrgyz Republic - at the percent 100,00 level from the total amount of the means specified in this subitem;

2) for assets in the form of gold on the depersonalized metal account of banks in National Bank to the Kyrgyz Republic - at the percent 100,00 level from the total amount of the assets specified in this subitem;

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