RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 14, 2011 No. 68/3

About modification and amendments in the resolution of Board of National Bank of the Kyrgyz Republic of July 29, 2009 No. 32/2 "About approval of "Rules of determination by National Bank of the Kyrgyz Republic of the official rates of foreign currencies in relation to the Kyrgyz som"

According to Articles 7, 17 and 43 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Make changes and additions to the resolution of Board of National Bank of the Kyrgyz Republic of July 29, 2009 No. 32/2 "About approval of "Rules of determination by National Bank of the Kyrgyz Republic of the official rates of foreign currencies in relation to the Kyrgyz som" (is applied).

2. This resolution becomes effective since January 01, 2012.

3. After official publication to send to Legal management this resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.

4. To department of external and public relations of National Bank of the Kyrgyz Republic to publish this resolution on the official site of National Bank of the Kyrgyz Republic.

5. To management of monetary transactions to bring this resolution to the attention of commercial banks, the Ministries of Finance of the Kyrgyz Republic, the Ministry of economic regulation of the Kyrgyz Republic, the State Customs Service under the Government of the Kyrgyz Republic, State Tax Administration under the Government of the Kyrgyz Republic, National Statistical Committee of the Kyrgyz Republic, relevant structural divisions of National Bank of the Kyrgyz Republic, regional managements and Representative offices of National Bank of the Kyrgyz Republic in Batken Province.

6. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Abdybala тегин Page.

Approved by the resolution of Board of National Bank of the Kyrgyz Republic of December 14, 2011 No. 68\3

Changes and amendments in the resolution of Board of National Bank of the Kyrgyz Republic of July 29, 2009 No. 32/2 "About approval of "Rules of determination by National Bank of the Kyrgyz Republic of the official rates of foreign currencies in relation to the Kyrgyz som"

1) In Item 1.5. after the words "on daily basis-US dollar exchange rate" to add with the following "euro, Russian ruble and the Kazakh tenge".

Chapter 1 to add 2) with Item 1.9. following content:

"1.9. In case of technical failures or other force majeur circumstances, and in case of impossibility of receipt of information on official rates / foreign currency quotations from Reuters news Agency, the foreign exchange rates can be fixed in Bloomberg news Agency. In case of impossibility of data acquisition from the sources stated above, values of the official rates of foreign currencies are determined as values of the last operating official rates of the corresponding currencies".

3) to Add Chapter 3-1 of the following content:

"3-1. Procedure of payments of official euro exchange rates, Russian ruble, Kazakh tenge

3.1.-1. Official euro exchange rates, Russian ruble and the Kazakh tenge in relation to som are determined daily in trading days from 15:00 till 15:30 o'clock.

3.2.-1. The official euro exchange rate in relation to som is calculated on cross-rate on the basis of the current quotation of euro fixed in Reuters news Agency as of 15:00 hours to US dollar in the international foreign exchange markets and the official US dollar exchange rate determined this day in relation to som calculated for settlement period.

3.3.-1. The official rates of Russian ruble and Kazakh tenge in relation to som are calculated on cross-rate on the basis of the last values of the official US dollar exchange rates to these currencies established by Central Banks and posted on the corresponding websites and information systems and the official US dollar exchange rate determined this day in relation to som calculated for settlement period".

4) In the name of Chapter 4 after words "... except for US dollar" to add with the following: "euro, Russian ruble, Kazakh tenge".

5) to Exclude Item 4.5. Chapter 4 "Procedure of payments of the official rates of foreign currencies, except for US dollar".

To Bring 6) in Appendix 1 to Rules of the determination by National Bank of the Kyrgyz Republic of the official rates of foreign currencies in relation to the Kyrgyz som approved by the resolution of Board of National Bank of the Kyrgyz Republic of July 29, 2009 No. 32/2 the following changes:

The Item 14 "Euro" - to exclude;

The Item 17 "Kazakh Tenge" - to exclude;

The Item 33 "Russian ruble" - to exclude.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info