President Sadyr Japarov signed a decree stating that Ulan Jamalidinov has been relieved of his duties as a member of the Board of the National Bank. This decision was made on October 24 at the personal request of Ulan Jamalidinov.
The project was initiated by a local entrepreneur
A few years ago, cybersecurity in Kyrgyzstan seemed like a distant and irrelevant issue. However, the country is now actively developing a legal framework for this field: last year, the Law "On Cybersecurity" was adopted, and in 2025, a Digital Code will be introduced, covering the main aspects of information and cybersecurity. On one hand, a legal basis is being created for the development of this industry. On the other hand, there are still myths and misconceptions about
According to information announced on October 24 by Farhad Iminov, head of the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies, changes have already been made to the law "On Virtual Assets" in the country. This step is aimed at creating a cryptocurrency reserve that will operate under the president. However, it is worth noting that the cryptocurrencies stored in the reserve are not intended to be used for monetary policy. It is
Gulnaz Supaeva, Doctor of Economic Sciences, shared her opinion on the prospects of cryptocurrencies and blockchain technologies in Kyrgyzstan in an interview with the Kabar agency. She noted that there is a growing interest in these areas in the country, especially among youth and IT specialists. According to Supaeva, creating a reliable legislative framework is essential for the successful development of these technologies. "If government agencies start actively working in this
The goal of the new initiatives is to reduce the consumption of harmful products The Cabinet of Ministers of the Kyrgyz Republic is launching an initiative to amend certain tax regulations, as reported by the Ministry of Economy of the KR.
The proposed tourist fee is a non-tax payment that will be charged to individuals temporarily residing in various accommodation facilities such as hotels, hostels, sanatoriums, and recreation centers. The funds collected from this tax will be directed towards the development of tourist infrastructure and the preservation of cultural heritage. The text of the draft law is already available for discussion. Over the past decade, the tourism industry in Kyrgyzstan has shown impressive growth, made
Photo 24.kg. Toktogul Hydropower Plant The Toktogul Hydropower Plant, which has been supplying Kyrgyzstan with electricity for half a century, is entering a new era: outdated panels are being replaced with modern screens and digital control. But will the updated station be able to guarantee uninterrupted power supply for households? The Energy Heart of the Country: from Monument to Mosaic
Photo from the internet The Cabinet of Ministers of Kyrgyzstan is considering the possibility of diversifying the supply of fuel and lubricants (GSM). This was reported by Deputy Prime Minister Daniyar Amangeldiev in an interview with the TASS news agency. According to him, a decision was previously made at the level of the Eurasian Economic Commission to exempt from duties the supplies of gasoline and GSM not only from Russia but also from other countries.
At the meeting of the National Council on Virtual Assets and Blockchain Technologies held on October 24 in Bishkek, Kamchybek Tashiev, head of the State National Security Committee (GKNB), noted that the digital economy presents not only opportunities but also certain threats. He emphasized that when developing regulations for the use of cryptocurrencies, it is essential to consider the interests of the country and security. "Every decision in this area must be carefully weighed against
LLC "Altynken" is launching a competition for the provision of services for processing gold-containing concentrate.
Recently, a forum titled "Dialogue on the Mining Industry: Investments, Transparency, Development" was held in Bishkek. Participants discussed the current state of the industry and key aspects that need attention to maximize Kyrgyzstan's profits from mining. Such a sector is quite rare in the world, and the demand and prices for resources are high. Kyrgyzstan has several promising deposits, but attracting investors will require serious work and evidence of the viability of
Russian Railways has announced the restoration of direct train service between Almaty and Moscow. This event has become possible due to the resumption of through carriages, which will operate on the Moscow — Almaty route every two days, with a total travel time of about 3.5 days. The first train will depart from Almaty on October 26 at 20:00 local time; it will be part of train No. 7/8 Almaty — Saratov. In turn, train No. 85/86 Moscow — Derbent will depart from Moscow on October 30 at 19:27,
The National Bank of Kyrgyzstan has presented a demo version of the digital som, developed on a private blockchain. This was announced by the Chairman of the National Bank, Melis Turgunbaev, during a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies. Since May 23, the National Bank of the Kyrgyz Republic has been collaborating with Build block TECH to create a prototype of the digital som, Turgunbaev reported.
In Uzgen, several sellers who were selling meat at prices exceeding the established norms were fined. According to information from local authorities, on October 23, a raid was conducted in the city organized by the mayor's office and the Osh regional office for antimonopoly regulation, aimed at ensuring compliance with the new state norms for retail prices on meat products.
A meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies was held in Bishkek, attended by President Sadyr Japarov and Binance cryptocurrency platform founder Changpeng Zhao. Following this meeting, the head of state announced several key directives:
In the Sokuluk district, a ceremonial opening of the renovated laboratory and livestock facilities of the Biotechnology Department of the Kyrgyz Scientific Research Institute of Animal Husbandry and Pastures took place. According to the local administration, the Deputy Prime Minister and Minister of Water Resources, Agriculture, and Processing Industry Bakyt Torobaev familiarized himself with the work of the laboratory. Among those present were also the Ambassador of the Republic of Korea to
According to information from Farhat Iminov, head of the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies, the volume of transactions with virtual assets in the country continues to grow. Currently, there are about 200 licensed market participants operating in Kyrgyzstan, and over the past three years, the number of cryptocurrency exchange operators has increased 28 times.
The draft resolution "On Approving the Regulations for the National Digital Ecosystem" has been initiated by the Ministry of Digital Development and Innovative Technologies and is currently being presented for public discussion. According to the Digital Code, the main goal of the National Digital Ecosystem is to provide a variety of digital services, including state and municipal services. This will enable the effective functioning of government bodies.
Photo from the internet Donald Trump, the President of the United States, announced the termination of all trade negotiations with Canada. This was reported by The New York Times. On his page on Truth Social, he stated that this decision was made due to "fraud" related to an advertisement using the AI voice of Ronald Reagan criticizing tariffs.
At the moment, there is no legal framework in Kyrgyzstan that allows banks to effectively work with virtual assets. This was reported by Farhat Iminov, head of the secretariat of the National Council for the Development of Virtual Assets and Blockchain Technologies, during a meeting in Bishkek. As Iminov noted, the lack of legal regulation creates gaps, leading to some financial operations moving into the shadow economy.
The European Union has approved a new package of sanctions against the Russian Federation, which has become the 19th in total. The document has been published in the official EU journal. Among the new restrictions are not only measures against Russian banks and companies, but also business structures from Central Asia, China, India, and Thailand.
The Ministry of Economy and Commerce of the Kyrgyz Republic has presented for public discussion a draft resolution of the Cabinet of Ministers concerning changes to the legislation in the field of taxation. The proposed document provides for a phased increase in excise tax on alcoholic beverages from 2026 to 2029, as well as the cancellation of exemptions from excise tax and labeling for sugar-containing drinks intended for children.
Changes to the decree on the application of certain provisions of the Tax Code have been made by the ministers of Kyrgyzstan. As a result of the innovations, a number of categories of special equipment, motorcycles, boats, and trailers imported into the country are now exempt from value-added tax (VAT).
The Ministry of Economy and Commerce of the Kyrgyz Republic has initiated a draft resolution of the Cabinet of Ministers concerning changes to the tax legislation in the area of excise duties. According to information from the department, this draft proposes a phased increase in excise tax rates on various alcoholic beverages from 2026 to 2029. It is also planned to abolish the exemption from excise tax for sugary children's drinks, which implies the introduction of labeling.
Changpeng Zhao expressed great gratitude to U.S. President Donald Trump, stating: "This decision has personal significance for me. Mr. Trump is doing a fantastic job regulating cryptocurrency issues, and this is a powerful signal for the market." His comments came after a National Council meeting. It is worth noting that the day before, Trump pardoned Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange in the world. This news became significant in the context
The Ministry of Energy of the Kyrgyz Republic has proposed to extend the existing ban on the export of coal by road transport for an additional six months. This issue has been put up for public discussion as part of a new draft resolution of the Cabinet. According to the proposed document, it is planned to prohibit the export of coal from the country via road routes (codes 2701 and 2702 according to the EAEU Customs Code) for a period of six months.
Today, October 24, in Bishkek at the "Yntymak Ordo" venue, a meeting of the National Council on Virtual Assets and Blockchain Technologies is taking place, attended by President Sadyr Japarov. Among the participants are also Prime Minister Adylbek Kasymaliev, government members, and Binance founder Changpeng Zhao.
On October 24, a meeting of the National Council for the Development of Virtual Assets and Blockchain Technologies is taking place in Bishkek, attended by the President of Kyrgyzstan, Sadyr Japarov, and the founder of the Binance platform, Changpeng Zhao. During the meeting, the president emphasized that Kyrgyzstan differs from many countries in the region in that it has already adopted a law on virtual assets, and a clear state policy in this area is being formed.
On the air of Birinchi Radio, the head of the food security department of the Ministry of Water Resources, Agriculture, and Processing Industry of Kyrgyzstan, Uran Chekirbaev, spoke about the current situation regarding food security in the country. Despite a stable level of basic products, the republic continues to experience dependence on imports in certain categories. Chekirbaev noted that food security in Kyrgyzstan is subject to seasonal fluctuations, and therefore monthly analyses of the
Information was gathered from various commercial bank websites. For further clarification regarding this information, it is recommended to contact the banks directly. The data is valid at the time of publication. The rates are presented for cash currency exchange. They may change throughout the day.
As of October 24, the exchange rates at the National Bank of Kyrgyzstan are presented as follows: The dollar rate remained unchanged, while the euro and the ruble saw a decrease.
Four banks from Kyrgyzstan have been sanctioned
The State Tax Service reminds that taxpayers using electronic invoices must independently enter information about purchased goods from sellers exempt from registration and invoice issuance into the electronic invoice information system (ESF). As clarified by the press service of the STS, to enter data, it is necessary to create an electronic document titled "Electronic Document for Entering Data on Goods Purchased from Non-Participants of the System" at the moment when goods arrive at
The Kyrgyz Stock Exchange participated in the 64th General Assembly of the World Federation of Exchanges (WFE), which took place in Istanbul. This was reported by the KSE. During the event, meetings were held with the management of the Istanbul Stock Exchange, where the future prospects for joint cooperation were discussed. As a result of these negotiations, the Istanbul Stock Exchange increased its stake in the capital of the KSE, highlighting the strengthening of trust and strategic
Photo from the internet. The Russian ruble is experiencing instability — after a recent rise, it is starting to decline As of October 24 of this year, the official exchange rates for the euro and ruble continue to fall, while the Kazakh tenge and Chinese yuan are showing growth. The US dollar remains at the same level. This data was provided by the National Bank of Kyrgyzstan and exchange offices in Bishkek. US Dollar:
On the morning of October 24, the exchange rates at the exchange offices on the Moscow City Council look as follows:
Changpeng Zhao. Photo courtesy of the press service of the President of the Kyrgyz Republic. In April of last year, Changpeng Zhao, the founder of Binance, was sentenced to four months in prison for money laundering, but he has now been pardoned by Donald Trump. This was reported by the "Russian Service of the BBC". According to the White House, Trump used his constitutional powers to pardon Zhao, who became the target of persecution by the Biden administration as part of its
On October 23, 2023, the countries of the European Union officially approved the 19th package of sanctions against Russia in response to its aggression in Ukraine. This package includes measures against Russian banks, cryptocurrency platforms, and their subsidiaries in countries such as India and China. Among the new restrictions is a ban on the import of liquefied natural gas (LNG) and financial transactions with the largest Russian oil companies. The ban on LNG imports will be implemented in
The country continues to implement an initiative aimed at supporting small and medium-sized businesses through the provision of affordable loans with low interest rates. According to information from the Ministry of Finance, as of October 2, 2025, within the framework of the project "Preferential Lending for Small and Medium-Sized Enterprises of the Kyrgyz Republic," 44 business entities have been financed for a total of 125.38 million soms.
In the Bazar-Korgon district, in the village of Zharake, the construction of a large poultry farm is underway, which will be able to house up to 100,000 chickens. The head of the Ministry of Agriculture of the Kyrgyz Republic, Bakyt Torobaev, visited the site to familiarize himself with its activities. According to the department, the total cost of the project is 185 million soms, of which work worth 105 million soms has already been completed to date.
Daniyar Amangeldiev, the First Deputy Prime Minister, participated in the opening of the Green Energy Training Center and the Higher School of Business of Central Asia. This was reported by the government press service. The ceremonies took place as part of initiatives aimed at developing vocational education and training personnel for the green economy sector. Photo of the Cabinet of Ministers. New educational centers in the field of green energy and business have opened in Bishkek
The introduction of a state monopoly on the production of ethyl alcohol in Kyrgyzstan has sparked much debate among producers. The main reason for this decision was the need to combat counterfeit products and the shadow market. Currently, the Kara-Baltin Alcohol Plant is the only producer in the country. The plant, which opened in 1942, ceased operations in 2015 but was relaunched in 2020.
Most likely, this refers to the marketplace Temu
The laying of a capsule took place in the Jalal-Abad region at the territory of the fish farming enterprise "Salih and Co." This event marked the start of the implementation of an ambitious investment project to create an industrial fish farming cluster of a full cycle, estimated at 11.8 million US dollars. This information was published by the Ministry of Agriculture of the Kyrgyz Republic. Bakyt Torobaev, Deputy Minister of Water Resources, Agriculture, and Processing Industry,
- In a live broadcast on the platform of the National Bank, Ravshanbek Murzaliev, head of the group overseeing exchange offices, spoke about measures being taken against illegal operations. According to Murzaliev, fines have currently been imposed on 132 individuals operating without a license, totaling 2 million 310 thousand soms.
Recent changes in "Capital Bank" concern the composition of the board of directors, as reported by the Kyrgyz Stock Exchange. At an extraordinary shareholders' meeting held on October 22, a decision was made to prematurely terminate the powers of two board members: Salamat Chynybekov and Mavlut Ashirbekova.