Kyrgyzstan has successfully conducted the first issuance of its own stablecoin KGST, which is pegged to the som at a rate of 1:1. This stablecoin is public, secure, and fully backed, with its reserves held in the country's state banks. The KGST infrastructure includes multi-level user authentication and verification in accordance with international KYC/AML standards.
As of January 1, 2021, the Agreement on Pension Provision for Workers of the Eurasian Economic Union (EAEU) countries comes into effect. According to the Social Fund, this document provides for the mutual recognition of pension rights for citizens of Kyrgyzstan, Russia, Kazakhstan, Belarus, and Armenia who have worked in other member states.
In Bishkek, at the Embassy of Hungary, a forum dedicated to issues in the food industry was held. This information was provided by the press service of the Ministry of Agriculture of Kyrgyzstan.
The meeting dedicated to issues of agro-industrial cooperation between Kyrgyzstan and China was held under the leadership of Bakyt Torobaev, Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry. The delegation from China was headed by He Weiping, Deputy Chairman of the Provincial Committee of the Chinese People's Political Consultative Conference of Gansu Province, as reported by the Ministry of Water Resources, Agriculture, and
Information is provided from the official websites of commercial banks. For clarifications regarding the specified data, it is recommended to contact the banks directly. At the time of publication, the information is current. The indicated rates are intended for cash currency exchange and may change throughout the day.
In order to promote domestic tourism and reveal the tourist potential of the country, "Family Day" will be held every Sunday in Uzbekistan. This initiative aims to create a comfortable atmosphere for family recreation, expand cultural opportunities, and activate interest in the historical and cultural heritage of Uzbekistan.
The allocated funds were directed towards the cleaning of four wells in the old water intake facility of the village of Semetey. This issue became relevant thanks to the delegates of the III People's Kurultai, which took place in 2024, as reported by the press service of the Ministry of Agriculture of the Kyrgyz Republic.
The Ministry of Water Resources, Agriculture, and Processing Industry has informed about the stable situation in the domestic food market. According to the agency, the main factors affecting prices are external conditions — fluctuations in global prices for energy resources and food products, as well as disruptions in logistics chains and uncertainty in international markets.
In the morning of November 7, the exchange rates at the Moskovsky Sovet exchange points are as follows:
Weekly fairs will begin in Bishkek, organized by the Ministry of Water Resources, Agriculture, and Processing Industry. These events aim to make food more accessible for socially vulnerable groups of citizens and stabilize food prices. Relevant information was provided by the ministry's press service.
The National Bank of Kyrgyzstan has presented the exchange rates for foreign currencies as of November 7: The dollar remained at the same level, while the euro increased in price. The ruble, on the other hand, did not change.
In the Ton district of the Issyk-Kul region, projects aimed at providing clean drinking and irrigation water for the villages of Ak-Sai and Tort-Kul are actively being implemented. This initiative was announced by delegates from the Bolot Mambetov rural council at the III People's Kurultai, which took place in 2024. The press service of the Ministry of Agriculture of the Kyrgyz Republic provided this information.
Image from internet resources. The Russian ruble is under pressure after a recent rise According to the National Bank of Kyrgyzstan and exchange points in Bishkek, there is an increase in the rates of the euro and the Chinese yuan, while the Russian ruble and the Kazakh tenge continue to decline. The US dollar maintains its stability. US Dollar:
According to information provided by the press service of the Ministry of Agriculture of the Kyrgyz Republic, fishing verhs and shandors have been installed in the Ton District on the tributaries of Lake Issyk-Kul.
The Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic reports a stable situation in the food market. The main factors putting pressure on prices are external: these include the volatility of global resource prices, logistics issues, and a high degree of uncertainty in international markets. As specified in the official statement, there has been no significant increase in prices for socially important goods such as flour, bread, milk, rice, sugar, pasta,
Kyrgyzstan has significant reserves of natural resources, including not only gold but also many other minerals that are currently in short supply on the global market. This creates opportunities for the development of the mining sector. In recent years, the republic has focused on non-critical minerals, which is a promising area for investment. However, attracting investors willing to finance the development of the sector is necessary. It is important that activities in the mining industry are
OJSC "Electric Stations" announced the recognition of the tender for the EPC contract for the construction of the Kara-Kechinskaya Thermal Power Plant as unsuccessful due to the lack of a complete set of documents from the participants. What the project includes
Currently, there is a decrease in prices for standard gold bars, which can be repurchased from the National Bank. The data is provided by the NB KR. The current repurchase prices are:
As of October 1, 2025, the total amount of money in circulation in Kyrgyzstan amounted to 290.1 billion soms, which is equivalent to about 3.3 billion US dollars. This data was presented by the National Bank of the country. During the third quarter of 2025, the commercial banks of the country recorded cash inflows of 1.48 trillion soms, which is 4.5% more compared to the same period last year. Cash withdrawals totaled 1.5 trillion soms, increasing by 4.7%. The cash return rate reached 98.8%.
In the Jalal-Abad region, authorities have returned to state ownership a plot of land on which residential buildings were illegally constructed, belonging to the anti-tuberculosis hospital. This information was provided by the press service of the General Prosecutor's Office. According to the prosecutor's data, local residents unlawfully built on part of the institution's territory in the village of Dostuk, without having the necessary permits for construction and land use.
The Cabinet of Ministers of the Kyrgyz Republic proposes to introduce a temporary ban on the export of timber and wood products outside the customs territory of the Eurasian Economic Union (EAEU). The draft of the corresponding resolution is currently available for public discussion. According to the draft, a six-month ban is planned on the export of timber and wood products classified under codes 4401, 4403, and 4407 of the EAEU Customs Tariff. The only exception will be humanitarian aid
From January to September of this year, the republican budget received 838 million 639.9 thousand soms from the tinting of front side windows of vehicles, according to information from the Ministry of Finance. These revenues increased by 465.6 million soms, which is almost a 2.2-fold growth compared to the same period last year.
The first national stablecoin named USDKG has been officially approved in Kyrgyzstan. According to information provided by the Financial Market Regulation and Supervision Service, the registration of the first issuance of this digital asset took place from October 27 to October 31, 2025.
According to information, the governor of the Surkhandarya region of Uzbekistan, Ulugbek Kasimov, confirmed at a meeting with the governor of Balkh, Mohammad Yusuf Wafa, the region's intention to purchase fresh fruits from Afghanistan and organize their export to third countries.
Recently, a meeting took place between Bakyt Torobaev, the Deputy Chairman of the Cabinet of Ministers and Minister of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, and a delegation from China led by Ho Weiping, the Deputy Chairman of the People's Political Consultative Conference of Gansu Province.
Sevastopol topped the list of regions with the highest gasoline prices, according to a study by the analytical agency "PromRating". In September, 47 regions of the country recorded an increase in fuel prices of 2.6% or more, with the largest increase being 10.2% in Sevastopol.
The first issuance of the stablecoin USDKG has been registered by the government authorities of Kyrgyzstan as part of a public offering, as reported by the Financial Market Regulation and Supervision Service. According to the official website and social media of the project, USDKG is expected to be backed by gold reserves and will be pegged to the US dollar at a rate of 1:1. This stablecoin is intended for use in international trade.
The National Bank of Kyrgyzstan has set the following exchange rates for foreign currency as of November 6: The exchange rate for the dollar is 87.45 soms, while the prices for the euro and the ruble continue to decline.
On December 20-21, 2024, during the III People's Kurultai, the Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic received 652 appeals. Half of these are related to irrigation issues, while 30% concern providing the population with clean drinking water. The appeals also raised topics such as the rational use of pastures, the establishment of processing plants and trade-logistics centers, the development of veterinary services, access to mineral
Data on exchange rates were collected from the websites of commercial banks. If you have any questions regarding the provided data, it is recommended to contact the banks directly. The information is current as of the time of publication. The exchange rates are intended for cash transactions and may change throughout the day.
The head of the World Economic Forum (WEF), Børge Brende, expressed concerns about three significant "bubbles" in the financial markets that could threaten the global economy. This statement was made in an interview quoted by Reuters. Brende emphasized that amid the sharp decline in the stocks of global tech giants, three main bubbles are forming: the first in the cryptocurrency sector, the second in artificial intelligence (AI), and the third is a debt bubble, which he noted has not
The Minister of Economy and Commerce, Bakyt Sydykov, shared his views on the results of the business forum in an interview with the Kabar agency. This forum was part of the official visit of the President of Kyrgyzstan, Sadyr Japarov, to Egypt. We remind you that on November 4 and 5, 2025, President Japarov visited Egypt for the first time, marking his first visit to the African continent since the country's independence. As a result of this visit, eight important bilateral agreements
According to information from the Ministry of Energy of Kyrgyzstan, Russia has decided to increase the volume of preferential diesel fuel supplies to the country by 100,000 tons. It was previously reported that the volume of diesel fuel supplies was increased to meet the needs of Kyrgyzstan, while the supply norms for other types of petroleum products remained unchanged.
Globally, the price per kilogram of beef has exceeded seven dollars for the first time, as reported by sources from RIA Novosti. The reasons for this increase are the problems faced by leading meat producers. Over the past five months, the price of beef has been steadily rising.
Photo from the internet. The Russian ruble has started to lose positions again after a rise Based on information from the National Bank of Kyrgyzstan and exchange offices in Bishkek, the official exchange rates for the euro, Russian ruble, Kazakh tenge, and Chinese yuan have shown a decline. At the same time, the dollar exchange rate remains stable. US Dollar:
In the morning of November 6, the exchange rates at the currency exchange points on the Moscow City Council are presented as follows:
The country has taken an important step in the financial sector by launching its first stablecoin, named USDKG. This state digital asset, which is pegged to the exchange rate of the som, was officially launched by the Ministry of Finance. According to data published on the "Open Budget" portal, the creation of the stablecoin cost 438,480.75 soms. The registration process took place at the Financial Market Regulation and Supervision Service (Finansur) just a week ago.
As of November 6, 2025, the National Bank has set the official exchange rates against the som: US Dollar – 87.45 som (unchanged); Euro – 100.46 som (decrease of 0.23 som); Russian Ruble – 1.0782 som (decrease of 0.0042 som); Kazakh Tenge – 0.1667 som (decrease of 0.0008 som); Chinese Yuan – 12.27 som (slight decrease of 0.0045 som). In commercial banks, the average buying rate for the dollar is 87.32 som, and the selling rate is 87.77 som.
The opening of the street named after I. Kurmanaliev took place in Kara-Kul on November 5. Representatives at the event included the authorized representative of the president in the Jalal-Abad region, Tilek Tekebaev, the mayor of the city, Nurtilek Orozbaev, as well as local organization leaders and residents.
In late October 2025, a package of amendments to the Tax Code of the Kyrgyz Republic was approved, which will come into effect on January 1, 2026, after being endorsed by the Jogorku Kenesh on September 18. The main objectives of the new laws are to improve tax legislation, simplify tax procedures, and create conditions for fair competition and reduce the shadow economy.
In an interview with Gulf News, an international business publication, the Prime Minister of Kyrgyzstan, Adylbek Kasymaliev, spoke about the significant socio-economic progress and investment opportunities in the country. This information was announced by the government’s press service. Photo of the Cabinet of Ministers. Adylbek Kasymaliev shares the achievements of Kyrgyzstan's economy with an international audience
According to data published by the National Statistical Committee, from January to August of this year, coal imports to Kyrgyzstan increased by 9.7%. If during the same period last year the country imported 334.5 thousand tons of coal, this year this figure rose to 367.2 thousand tons.
On October 25, Changpeng Zhao, the founder and former CEO of the cryptocurrency exchange Binance, announced the launch of Kyrgyzstan's national stablecoin based on the BNB Chain. He also noted the readiness to implement a central bank digital currency (CBDC) for government needs. What lies behind these initiatives and what are the authorities' opinions? Growth of Cryptocurrency TurnoverAccording to Farhat Iminov, head of the National Council for the Development of Virtual Assets, the
On November 5, an official meeting took place at the presidential palace "Al-Ittihadiya" in Cairo between President Sadyr Japarov and the President of the Arab Republic of Egypt, Abdel Fattah al-Sisi. As part of the event, there was an official introduction of the members of the delegations from both countries, and a photo session was held.
From January to September 2025, Kyrgyzstan received 3 billion 999.2 million soms (approximately $45.8 million) from the registration of motor vehicles, according to information provided by the Ministry of Finance. Compared to the same period in 2024, revenues from vehicle registration increased by 2 billion 394.9 million soms, which represents a 2.5-fold growth.
But Kyrgyzstanis will not give up meat According to economist Arslan Omurzakov, meat prices in Kyrgyzstan could reach astronomical heights after the cancellation of state regulation and in the event of an increase in export volumes. He shared his opinion with Vesti.kg in light of the upcoming end of the control that was introduced in response to the sharp rise in meat product prices.
The President of the Kyrgyz Republic, Sadyr Japarov, has signed a new Constitutional law regarding changes in the legislation concerning the National Bank. This was reported by the publication "Erkin-Too". This law was adopted by the Jogorku Kenesh on September 24, 2025, and officially published on October 31. The document clarifies certain aspects related to the State Development Bank of the Kyrgyz Republic.
From January to November 2025, the total expenses for the activities of the Jogorku Kenesh amounted to 1 billion 248.8 million soms, which is less than the planned 1 billion 498.4 million soms. This data was obtained from the analysis of resources from the "Open Budget". The largest portion of expenses was allocated for the salaries of the Jogorku Kenesh employees, totaling approximately 891.2 million soms. Of this amount, 490.4 million soms were spent on additional payments and