We present to your attention an overview of the most vivid and significant events for Kyrgyzstan in 2014, according to the financial portal Akchabar. The overview includes the most important events in the banking sector, the dynamics of the dollar exchange rate, the volume of currency interventions by the National Bank of the Kyrgyz Republic, and other events.
Everything that made 2014 memorable for us in one publication.
January
01.11.2014 - President Almazbek Atambayev signed the Law "On Free Economic Zones in the Kyrgyz Republic," adopted by the Jogorku Kenesh on December 11, 2013.
22.01.2014 - The Government of the Kyrgyz Republic decided to cancel the initiative of the Ministry of Finance to introduce income tax on interest from bank deposits of individuals.
23.01.2014 - OJSC "Kyrgyzdykbank" was re-registered as CJSC "Kyrgyz-Swiss Bank."
February
07.02.2014 - Kyrgyzstan exhibited national numismatic values issued by the NBKR at the World Money Fair in Berlin.
11.02.2014 - The National Bank of the Republic of Kazakhstan announced the devaluation of the national currency, the tenge. In Kyrgyzstan, all financial and credit institutions ceased operations with the tenge for several hours.
27.02.2014 - The Islamic Development Bank allocated $15 million to Kyrgyzstan for food products.
March
03.03.2014 - The dollar exchange rate on the Moscow Exchange rose to 36 rubles and 75 kopecks, exceeding the historical maximum of 2009.
12.03.2014 - The Swiss Ambassador to Kyrgyzstan, René Holenstein, announced Switzerland's readiness to allocate over $60 million to Kyrgyzstan in 2014-2016.
24.03.2014 - The most expensive auction in the history of Kyrgyzstan for the sale of a license for subsoil use took place in the village of At-Bashi. The license for exploration work at the alluvial gold deposit in the Karakichin area was sold to a Turkish company for $670,000, with a starting price of $2,000.
April
03.04.2014 - Joomart Otorbaev was approved as the new Prime Minister of the Kyrgyz Republic.
04.04.2014 - Transition of RSK > Bank to new software (Automated Banking System).
18.04.2014 - Zina Asankozhoeva left her position as Chairman of the NBKR.
29.04.2014 - Energy crisis. A decision was made to import electricity from Tajikistan.
May
10.05.2014 - The Kyrgyz som turned 21 years old.
20.05.2014 - Kyrgyzstan set a world record for reducing the number of documents required for entrepreneurs to export their products abroad, from eight documents to two.
29.05.2014 - At a parliamentary meeting, deputies approved the candidacy of Tolkunbek Abdygulov for the position of Chairman of the National Bank.
29.05.2014 - The "Roadmap" for Kyrgyzstan's accession to the Customs Union was approved.
June
05.06.2014 - Bank "Bai-Tushum" received the international SMART Campaign certificate.
10.06.2014 - The average monthly salary in Kyrgyzstan amounted to 11,535 soms.
11.06.2014 - The presentation of the electronic wallet "ELSOM" took place in Bishkek.
25.06.2014 - An international conference "Microfinance - successes, problems, and solutions" was held at the State Residence "Ala-Archa," organized by the NBKR with the support of the World Bank, the German Society for International Cooperation, and the Association of Microfinance Organizations.
July
09.07.2014 - KICB received a $5 million loan from the EBRD under the sustainable energy financing program (KyrSEFF).
30.07.2014 - The conservation regime at OJSC "KyrgyzCredit Bank" was lifted, and temporary management was introduced for a period of six months until January 31, 2015.
30.07.2014 - The Board of the NBKR decided to raise the discount rate by 50 basis points to 6.50 percent starting July 31, 2014.
31.07.2014 - Kyrgyzstan agreed to borrow at least 500 million kilowatt-hours from Kazakhstan.
August
01.08.2014 - The commercial bank KYRGYZSTAN launched the first Mobile Banking.
08.08.2014 - The NBKR presented new commemorative coins issued in honor of the Independence Day of the Kyrgyz Republic.
20.08.2014 - The largest cyber-attack in the history of the Kyrgyz Republic on POS terminals occurred, resulting in criminals stealing $700,000.
22.08.2014 - By the decree of the President of the Kyrgyz Republic, Jenish Nurbek was appointed Deputy Chairman of the National Bank of the Kyrgyz Republic.
September
01.09.2014 - The Regional Director of the World Bank for Central Asia, Saroj Kumar Jha, presented the new head of the World Bank office in Kyrgyzstan, Jean-Michel Happi, to the leadership of Kyrgyzstan.
02.09.2014 - Circulating coins with improved security features were introduced. The side surface of the coin contains two inscriptions: the denomination of the coin written out as "ОН СОМ" and the digital inscription "10 СОМ."
26.09.2014 - Since the beginning of the year, the dollar exchange rate against the som in Kyrgyzstan has increased by 11.16%.
October
01.10.2014 - The Government of Kyrgyzstan raised pensions by 250 soms. The average pension amount was 4,600 soms.
14.10.2014 - Optima Bank reached a historic maximum in business lending. The bank's market share in the loan portfolio was 18%.
20.10.2014 - Commemorative banknotes with a denomination of 100 soms and 200 soms were put into circulation in Kyrgyzstan.
28.10.2014 - The National Bank of the Kyrgyz Republic decided to raise the discount rate to 9.00 percent per annum.
November
01.11.2014 - The Financial Portal Akchabar was launched in Kyrgyzstan.
17.11.2014 - The award ceremony for participants of the "Choice of the Year 2014" festival took place. The winner in the "Bank No. 1" nomination was Optima Bank.
27.11.2014 - Since the beginning of the year, the NBKR conducted 39 interventions, using $390 million for this purpose.
28.11.2014 - Aiyl Bank received a $5 million loan from the EABR for lending to small and medium-sized businesses.
December
03.12.2014 - "Rosinbank" opened its first office in Kyrgyzstan serving clients in Chinese.
03.12.2014 - The NBKR presented a draft resolution on the gradual increase of the minimum charter capital of banks to 600 million soms.
12.12.2014 - The Russian ruble equaled the som exchange rate for the first time in many years.
20.12.2014 - The dollar exchange rate in Moscow reached 60.6825 rubles.
23.12.2014 - An agreement was signed on the Kyrgyz Republic's accession to the EAEU.
Source: akchabar.kg
