New banking legislation discussed by the President and the head of the National Bank »Finance»

, Bishkek –,

President of Kyrgyzstan Almazbek Atambaev and head of the National Bank Tolkunbek Abdygulov discussed new banking legislation. This was announced by the information policy department of the head of state’s office.

The President was told about the work to ensure a stable macroeconomic situation, reduce inflation, maintain the stability of the national currency, and ensure the security of the banking and payment systems.

  • In 2016, inflation was low: the consumer price index decreased by 0.5 percent compared to 2015.

Tolkunbek Abdygulov announced the further plans of the National Bank, taking into account the entry into force of the new banking legislation. It is in line with global banking practice.

Almazbek Atambayev emphasized the importance of stable and reliable operation of the country’s financial and credit institutions, which must mobilize financial resources in the interests of entrepreneurs and citizens to promote the country’s long-term economic development.



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