The State Financial Supervision Service spoke about reforms in the pawnshop market over the past 5 years
- In the last five years, reforms have been implemented in the pawnshop market of the Kyrgyz Republic, with the main goal of reducing the debt burden and legalizing the sector. The press service of the State Financial Supervision reports on these changes. A key step was the introduction of a legislative limit on the cost of loans. In May 2024, amendments were made to the KR Law "On Pawnshop Activities," which established a ceiling for the annual effective interest rate (AEIR). This