The Ministry of Finance announced an auction for the placement of 20 billion soms in deposits of commercial banks

Сергей Мацера Economy
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The Ministry of Finance of the Kyrgyz Republic has announced the holding of an auction aimed at placing temporarily free budget funds in deposits of commercial banks. The auction is scheduled for January 19, according to information from the department's press service.

As part of the auction, temporarily free budget funds are offered for a term of 12 months.

The total amount put up for auction is 20 billion soms, which will be divided into 21 lots with a minimum volume ranging from 100 million to 2.8 billion soms. All lots have a uniform placement term of 12 months, and the starting interest rate is set at 11% per annum.

The organization of the auction will be handled by the Closed Joint-Stock Company "Kyrgyz Stock Exchange."
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