Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

The document ceased to be valid since  April 1, 2019 according to Item 8 of the Resolution of Board of National Bank of the Kyrgyz Republic of  March 13, 2019 No. 2019-P-07/10-2-(DKP) 

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 23, 2015 No. 78/7

About the sizes of required reserves of commercial banks

According to Articles 7, 22 and 43 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" and the Provision "About Required Reserves" approved by the resolution of Board of National Bank of the Kyrgyz Republic of March 19, 2010 the No. 8/2, Board of National Bank of the Kyrgyz Republic decide:

1. Establish the following sizes of required reserves according to the obligations entering calculation base of required reserves:

a) according to obligations in national currency - at the 4,0 level of percent of the amount of the obligations entering calculation base in national currency;

b) according to obligations in Armenian drams, Belarusian rubles, the Kazakh tenges, the Chinese yuans renminbi, Russian rubles - at the 4,0 level of percent of the amount of the obligations entering calculation base in Armenian drams, Belarusian rubles, the Kazakh tenges, the Chinese yuans renminbi and Russian rubles;

c) according to obligations in the foreign currencies except for specified in the subitem (b) of this Item - at the 12,0 level of percent of the amount of the obligations entering calculation base in these foreign currencies.

2. To commercial banks to perfrom calculation of required reserves according to Item 2.4. and to present him according to Item 2.5. The provision "About Required Reserves" approved by the resolution of Board of National Bank of the Kyrgyz Republic of March 19, 2010 No. 8/2, separately according to obligations in the currencies specified in subitems (a), and (in) Item 1 of this resolution.

3. To calculate the size of required reserves as the amount of required reserves according to the obligations specified in subitems (a), and (in) Item 1 of this resolution.

4. To legal management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic;

- after official publication to send 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. Declare invalid the resolution of Board of National Bank of the Kyrgyz Republic "About the size of required reserves" of December 7, 2015 No. 75/1.

6. To economic management together with Management of financial statistics and overview to bring this resolution to the attention of commercial banks.

7. This resolution becomes effective since January 11, 2016.

8. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic N. Zhenish.

Chairman

T. Abdygulov

 

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

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.