RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 28, 2013 No. 10/13

About approval of the Provision "About Procedure for Carrying Out the Kyrgyz Republic by National Bank Currency Swap — Transactions"

According to article 43 of the law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the Provision "About Procedure for Carrying Out the Kyrgyz Republic by National Bank Currency Swap — Transactions" it (is applied).

2. Declare invalid the Provision "About Procedure for Carrying Out the Kyrgyz Republic of Currency Swap Transactions by National Bank" approved by the resolution of Board of National Bank of the Kyrgyz Republic of September 29, 2011 No. 55/4 from the date of enforcement of regulations of the Provision "About Procedure for Carrying Out the Kyrgyz Republic by National Bank Currency Swap — Transactions" according to Item 6 of this resolution.

3. Publish this resolution on the official site of National Bank of the Kyrgyz Republic.

4. After official publication to send to Legal management this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

5. This resolution becomes effective after 15 days from the date of official publication.

6. Determine that regulations of the Provision "About Procedure for Carrying Out the Kyrgyz Republic by National Bank Currency Swap — Transactions", are applied from the moment of input of the Automated trade system in commercial operation.

7. To management of monetary transactions to bring this resolution to the attention of commercial banks.

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

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of March 28, 2013 No. 10/13

Regulations on procedure for carrying out the Kyrgyz Republic of currency swap transactions by National Bank

1. General provisions

1. This Regulations on procedure for carrying out currency swap transactions (further - the Provision) determine procedure for carrying out the Kyrgyz Republic by National Bank (further - National Bank) currency swap transactions with commercial banks of the Kyrgyz Republic (further - the Participant) through the automated trade system of National Bank (further - automatic telephone exchange).

2. The National Bank carries out currency swap transactions according to the constitutional Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic".

3. The conditions and rules established by Regulations on work of the Automated trade system of National Bank of the Kyrgyz Republic (further - Regulations on work of automatic telephone exchange) extend to this Provision.

4. The National Bank performs the following types of currency swap transactions:

- straight line;

- the return.

5. The National Bank carries out currency swap transactions according to the decision of Committee on monetary control of National Bank (further - KDKR) on auction and not on auction basis.

6. Currency swap transactions are carried out for the purpose of providing bank system with liquidity in national currency (direct swap) or withdrawals of excess liquidity from bank system (the return swap).

7. Participants of currency swap transactions are the commercial banks meeting the requirements of the item 16 of this provision.

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