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ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of March 4, 2021 No. 70

About approval of the Regulations on deposit accounts for repayment of the public external debt of the Kyrgyz Republic

For the purpose of accumulation of the voluntary money arriving from legal entities and physical persons into deposit accounts for repayment of the public external debt of the Kyrgyz Republic according to articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Approve Regulations on deposit accounts for repayment of the public external debt of the Kyrgyz Republic according to appendix.

2. To the Ministry of Economics and finance of the Kyrgyz Republic to open:

1) the deposit account of the Central Treasury of the Ministry of Economics and finance of the Kyrgyz Republic within the Single treasurer account;

2) the currency account in commercial bank of the Kyrgyz Republic.

3. Recommend to commercial banks of the Kyrgyz Republic not to levy sales charges from legal entities and physical persons in case of money transfer into deposit accounts for repayment of the public external debt of the Kyrgyz Republic.

4. To impose control of execution of this resolution on department of financial and credit policy of Government office of the Kyrgyz Republic.

5. This resolution becomes effective from the date of official publication.

Prime Minister of the Kyrgyz Republic

U. Maripov

Appendix

to the Order of the Government of the Kyrgyz Republic of March 4, 2021 No. 70

Regulations on deposit accounts for repayment of the public external debt of the Kyrgyz Republic

1. General provisions

1. This Provision regulates procedure for transfer, accounting and use of the voluntary money arriving from legal entities and physical persons into deposit accounts for repayment of the public external debt of the Kyrgyz Republic (further - accounts).

2. Sources of forming of means of accounts

2. Sources of forming of accounts are:

1) voluntarily listed money of legal entities and physical persons, residents and nonresidents of the Kyrgyz Republic;

2) other cash receipts listed on voluntary basis and which are not contradicting the purposes of accounts.

3. The money arriving into accounts has special-purpose character and is intended only for repayment of the public external debt of the Kyrgyz Republic.

4. Money transfers into accounts are carried out by the commercial banks and payment institutes operating in the territory of the Kyrgyz Republic and also foreign banks according to the legislation of the Kyrgyz Republic in the sphere of counteraction to financing of terrorist activities and to legalization (washing) of the criminal income.

3. Accounting and use of means of accounts

5. The decision on use of the accumulated money on accounts for repayment of the public external debt of the Kyrgyz Republic is made by the Government of the Kyrgyz Republic according to the procedure, established by the budget legislation of the Kyrgyz Republic.

6. Accounting, the reporting of the arrived money in national and foreign currencies, and the realization of decisions of the Government of the Kyrgyz Republic on use of means of accounts is enabled by the Ministry of Economics and finance of the Kyrgyz Republic according to the budget legislation of the Kyrgyz Republic.

7. For ensuring transparency and access for the public to information on receipts and use of means on accounts, on the official site of the Ministry of Economics and finance of the Kyrgyz Republic on regular basis are published:

- data on receipts by the cash amounts transferred by legal entities and physical persons;

- data on use of funds for repayment of the public external debt.

 

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