Sadyr Japarov opened a new building of the National Bank in Bishkek

Сергей Гармаш Exclusive
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In his speech at the ceremony, the president noted that the opening of the new building marks the beginning of a new chapter in the financial history of Kyrgyzstan. He emphasized the importance of the National Bank as a symbol of statehood, which played a key role in forming the monetary and credit system after gaining sovereignty in 1991.

Sadyr Japarov pointed out that May 10, 1993, was a landmark moment: it was on this day that the national currency, the som, was introduced, marking the beginning of the country's economic sovereignty. "The stability of the som is the main task for the National Bank, and the trust of citizens in it is the most important indicator of the state's stability," he said.

The president also noted that the National Bank has managed to overcome many challenges throughout its history, including inflation, financial crises, and the pandemic, and now the som is recognized as one of the most stable currencies in Central Asia. This is the result of the work of professionals and veterans who have dedicated their lives to the development of the country's financial system.

Sadyr Japarov emphasized that in a rapidly changing technological world, the banking sector needs innovation. He urged the National Bank to intensify its efforts in the field of digitalization and the implementation of new financial technologies, such as online payments and cryptocurrencies. An important step in this direction is the "Digital Som" project.

Additionally, the president announced the creation of a new modern gold storage facility that meets international standards and can accommodate up to a thousand tons of gold. This will allow the country to securely store its reserves and provide services to foreign partners.

The head of state added that it is important to maintain a balance between international standards and national interests. "The strength of the state is determined not only by material resources but also by the trust of the people and the ability to ensure a decent life," he noted.

Sadyr Japarov expressed gratitude to the bank employees for their dedication and significant contribution to the development of the country. He concluded his speech with a wish that the new building would serve as a solid foundation for the future economy and a symbol of the stability of the national currency.

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