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Bank of Asia

New rules for international payments

In accordance with the Resolution of the National Bank of the Kyrgyz Republic No. 2024-P-14/41-3-(ПС) dated 04 September 2024, starting from 25 September 2024, commercial banks of the Kyrgyz Republic may not accept for execution payment orders and otherwise make settlements under contracts concluded by other persons, the subject of which are goods, works and services coming from or to foreign countries without actual delivery to the territory of the Kyrgyz Republic, except for authorized state-owned companies determined by the Cabinet of Ministers of the Kyrgyz Republic. 

The restriction is valid for one year to strengthen economic security and financial stability.