The Board of the National Bank decided to increase the discount rate (key rate) by 1 percent — up to 7.5 percent. Website of the bank says.
The global economy is recovering from the effects of the pandemic at a faster pace. This is facilitated by the incentive measures of state support and easing of quarantine restrictions against the background of the ongoing mass vaccination of the population. Accelerated rates of recovery of business activity in countries — trading partners also contribute to the restoration of trade and economic relations in Kyrgyzstan.
Uncertainty remains high regarding the development of both global and regional economies, given the risks of new strains of COVID-19.
There is also a recovery in economic activity in Kyrgyzstan. At the same time, the reduction in the volume of production in industry and construction limits its full scale. Domestic consumption remains relatively weak and is supported by the positive dynamics of the inflow of remittances to the country. In January — May 2021, the net inflow of remittances from individuals increased by $ 45.3 percent, amounting to $ 778.1 million.
«Monetary conditions in general have not undergone significant changes. Short-term money market rates tended to grow and continued to fluctuate within the interest rate collar set by the National Bank. Money market participants’ activity increased in the short segment, mainly in open market operations. The banking system continued to build up the level of excess liquidity. Under these conditions, in order to limit inflationary pressure in the country, the National Bank continued to withdraw excess liquidity,» the statement says.
The domestic foreign exchange market remains relatively stable. The volume of gross international reserves reached $ 2.7 billion, which covers about six months of imports.
The National Bank notes that the recovery of the global economy largely depends on the spread of new more dangerous strains of COVID-19 and, as a result, the introduction of new restrictive measures, as well as the scale of vaccination of the population in the world. An ambiguous situation persists on the external commodity markets due to unfavorable weather conditions in the countries producing food products. Against this background, there is an increase in world prices for certain types of food. These factors continue to create inflationary risks in Kyrgyzstan in the medium term.
Taking into account the prerequisites for the development of the external environment and internal economic conditions, the National Bank decided to raise the discount rate. In case of any risks, the National Bank of the Kyrgyz Republic does not exclude the possibility of making additional adjustments to the monetary policy being pursued.
The next meeting of the Board of the National Bank on the discount rate issue will be held on August 30, 2021.
By 24.kg
On July 26, an online seminar on new requirements for exporting products to the countries of the European Union (EU) for government agencies of Kyrgyzstan began in connection with the adoption of a new Regulation on official control in the EU.
According to the EU press service, participants will be introduced...
On July 26, an online seminar on new requirements for exporting products to the countries of the European Union (EU) for government agencies of Kyrgyzstan began in connection with the adoption of a new Regulation on official control in the EU.
According to the EU press service, participants will be introduced...
Head of the Department of the Centre for Integration Studies of the Eurasian Development Bank, Vladimir Pereboev, presented proposals for achieving the Sustainable Development Goals in the space of the Eurasian Economic Union and the Commonwealth of Independent States.
According to him, we are talking about the formation of a green...
Head of the Department of the Centre for Integration Studies of the Eurasian Development Bank, Vladimir Pereboev, presented proposals for achieving the Sustainable Development Goals in the space of the Eurasian Economic Union and the Commonwealth of Independent States.
According to him, we are talking about the formation of a green...
Today, on the territory of 19 thousand 923 business entities, cash registers with the function of transmitting data online are used.
As reported by the press service of the State Tax Service, 18,117 cash registers are registered online in the automated information system online cash registers, 1,806 cash registers are registered...
Today, on the territory of 19 thousand 923 business entities, cash registers with the function of transmitting data online are used.
As reported by the press service of the State Tax Service, 18,117 cash registers are registered online in the automated information system online cash registers, 1,806 cash registers are registered...
Today, the international gold and foreign exchange reserves of the NBKR amount to $2 billion 741 million, Chairman of the National Bank Tolkunbek Abdygulov said on July 26 at a meeting of the Parliament Committee on Budget and Finance.
Earlier, MP Samatbek Ibraev said that the Parliament approved the NBKR report...
Today, the international gold and foreign exchange reserves of the NBKR amount to $2 billion 741 million, Chairman of the National Bank Tolkunbek Abdygulov said on July 26 at a meeting of the Parliament Committee on Budget and Finance.
Earlier, MP Samatbek Ibraev said that the Parliament approved the NBKR report...
The Parliament recommended that the National Bank ensure effective and timely supervision of treasury operations carried out by commercial banks, in particular, exchange operations with foreign currency, in order to prevent speculative attacks and shocks in the exchange operations market. This is stated in the resolution of the Parliament.
The Parliament...
The Parliament recommended that the National Bank ensure effective and timely supervision of treasury operations carried out by commercial banks, in particular, exchange operations with foreign currency, in order to prevent speculative attacks and shocks in the exchange operations market. This is stated in the resolution of the Parliament.
The Parliament...
| mln. som | % | |
| Volume | 0.168 | ▼96.9 |
| Primary | 0 | ▼100 |
| Secondary | 0.168 | ▼96.8 |
| Listing | 0 | ▼100 |
| Non-Listing | 0.168 | ▼96.8 |
| Values on 26.07.2021 | ||
| % | ||
| KSE | 978.78 | 0 |
| Registration course NBKR on: 27-07-2021 | ||
| RUB | 1.1392 | |
| EUR | 99.5152 | |
| USD | 84.41 |
| mln. som | % | ||
| Volume | 0.168 | -96.9 | ▼ |
| Primary | 0 | -100 | ▼ |
| Secondary | 0.168 | -96.8 | ▼ |
| Listing | 0 | -100 | ▼ |
| Non-Listing | 0.168 | -96.8 | ▼ |
| Name | ISIN | Trade symbol | Max price, som | Min price, som | Trade volume, ths.som | Amount of Transactions | Amount of Securities |
| ОАО Кыргызнефтегаз, акция простая | KG0102080940 | KNEF2 | 70 | 70 | 168 | 1 | 2400 |
|
mln. som |
% |
|
|
Volume |
0.168 |
▼96.9 |
|
Primary |
0 |
▼100 |
|
Secondary |
0.168 |
▼96.8 |
|
Listing |
0 |
▼100 |
|
Non-Listing |
0.168 |
▼96.8 |
|
Values on 26.07.2021 |
|
|
|
% |
||
|
KSE |
978.78 |
0 |
Currency:
|
Registration course NBKR on: 27-07-2021 |
||
|
RUB |
1.1392 |
|
|
EUR |
99.5152 |
|
|
USD |
84.41 |
Trades up to 27.07.2021
|
mln. som |
% |
||
|
Volume |
0.168 |
-96.9 |
▼ |
|
Primary |
0 |
-100 |
▼ |
|
Secondary |
0.168 |
-96.8 |
▼ |
|
Listing |
0 |
-100 |
▼ |
|
Non-Listing |
0.168 |
-96.8 |
▼ |
|
Name |
ISIN |
Trade symbol |
Max price, som |
Min price, som |
Trade volume, ths.som |
Amount of Transactions |
Amount of Securities |
|
ОАО Кыргызнефтегаз, акция простая |
KG0102080940 |
KNEF2 |
70 |
70 |
168 |
1 |
2400 |
Period: Last trade / For week / For month / For year
Reported by the Kyrgyztan Stock Exchange.
The dollar edged lower on Monday against a basket of other currencies as investors' focus turned to this week's U.S. Federal Reserve meeting, while cryptocurrency prices rose to their highest in weeks.
The dollar index, which measures the currency against six major peers, slipped 0.38% to 92.536 under pressure from the euro and...
The dollar edged lower on Monday against a basket of other currencies as investors' focus turned to this week's U.S. Federal Reserve meeting, while cryptocurrency prices rose to their highest in weeks.
The dollar index, which measures the currency against six major peers, slipped 0.38% to 92.536 under pressure from the euro and...
European stocks were still lower at midday after regulatory worries hit Asian markets and ahead of a busy week for corporate earnings and economic data.
The pan-European Stoxx 600 index was down 0.35% with all major regional bourses following suit. Investors were preparing for a deluge of corporate earnings in Europe and the...
European stocks were still lower at midday after regulatory worries hit Asian markets and ahead of a busy week for corporate earnings and economic data.
The pan-European Stoxx 600 index was down 0.35% with all major regional bourses following suit. Investors were preparing for a deluge of corporate earnings in Europe and the...
Gold prices edged higher on Monday as a softer dollar and a pullback in global equities lifted demand for the safe-haven metal, while investors awaited the Federal Reserve meeting for policy cues.
Spot gold was up 0.4% at $1,805.44 per ounce by 1213 GMT, while U.S. gold futures rose 0.3% to...
Gold prices edged higher on Monday as a softer dollar and a pullback in global equities lifted demand for the safe-haven metal, while investors awaited the Federal Reserve meeting for policy cues.
Spot gold was up 0.4% at $1,805.44 per ounce by 1213 GMT, while U.S. gold futures rose 0.3% to...
Copper prices rose on Monday as floods in top consumer China sparked demand hopes at a time when inventories were falling, while a softer dollar also supported prices.
Benchmark copper on the London Metal Exchange was up 0.9% at $9,604.50 per tonne in official trading, after touching its highest since June...
Copper prices rose on Monday as floods in top consumer China sparked demand hopes at a time when inventories were falling, while a softer dollar also supported prices.
Benchmark copper on the London Metal Exchange was up 0.9% at $9,604.50 per tonne in official trading, after touching its highest since June...
Jalalabatelektro is preparing for the upcoming autumn-winter period 2021-2022. This was reported by the press service of the company.
The following types of work have been completed in 5 months:
overhaul of 26 35 kV substations;
69.9 km of 35 kV power transmission lines were rehabilitated;
917 transformer substations 6-10/04 kV were repaired;
4 km...
Jalalabatelektro is preparing for the upcoming autumn-winter period 2021-2022. This was reported by the press service of the company.
The following types of work have been completed in 5 months:
overhaul of 26 35 kV substations;
69.9 km of 35 kV power transmission lines were rehabilitated;
917 transformer substations 6-10/04 kV were repaired;
4 km...
The Ministry of Agriculture, Water Resources and Regional Development held a nationwide seminar for farmers on arable land of the Taza-Zhan seed cooperative in the Issyk-Ata district of the Chui oblast. This was reported by the press service of the department.
The aim of the seminar is to acquaint the regions...
The Ministry of Agriculture, Water Resources and Regional Development held a nationwide seminar for farmers on arable land of the Taza-Zhan seed cooperative in the Issyk-Ata district of the Chui oblast. This was reported by the press service of the department.
The aim of the seminar is to acquaint the regions...
Russian wheat export prices, which serve as a benchmark throughout the former USSR, rose last week amid global concerns about unfavourable weather in key exporting countries, including Russia, analysts said on Monday. Russian wheat with 12.5% protein loading from Black Sea ports for supply in August was $248 a tonne...
Russian wheat export prices, which serve as a benchmark throughout the former USSR, rose last week amid global concerns about unfavourable weather in key exporting countries, including Russia, analysts said on Monday. Russian wheat with 12.5% protein loading from Black Sea ports for supply in August was $248 a tonne...
Chicago soybeans dropped on Monday to their lowest in two weeks while corn slid for a third consecutive session, as forecasts of cooler weather in parts of the U.S. Midwest and slowing demand in top buyer China weighed on prices. Wheat prices also fell.
Hot, dry weather in the U.S. Midwest...
Chicago soybeans dropped on Monday to their lowest in two weeks while corn slid for a third consecutive session, as forecasts of cooler weather in parts of the U.S. Midwest and slowing demand in top buyer China weighed on prices. Wheat prices also fell.
Hot, dry weather in the U.S. Midwest...
In January-June 2021, the share of manufacturing industries in the total industrial production was 77.5%. This is stated in the materials of the National Statistical Committee.
The volume of production of manufacturing industries in January-June 2021 amounted to 119 billion 301 million som, of which basic metals and finished metal products,...
In January-June 2021, the share of manufacturing industries in the total industrial production was 77.5%. This is stated in the materials of the National Statistical Committee.
The volume of production of manufacturing industries in January-June 2021 amounted to 119 billion 301 million som, of which basic metals and finished metal products,...
Oil prices were steady on Monday as the spread of the COVID-19 Delta variant stoked fears over future fuel demand, though crude supply looks set to be tight through the rest of the year.
Brent crude futures for September were up 4 cents at $74.14 a barrel by 1342 GMT while...
Oil prices were steady on Monday as the spread of the COVID-19 Delta variant stoked fears over future fuel demand, though crude supply looks set to be tight through the rest of the year.
Brent crude futures for September were up 4 cents at $74.14 a barrel by 1342 GMT while...
Analysts of the HSE Development Centre, analysing the data of the Central Bank, find in the latest issue of Commentaries on Government and Business that in June 2021 the balance of foreign trade in services first became positive and amounted to $0.1 billion against a deficit of $0.7 billion in...
Analysts of the HSE Development Centre, analysing the data of the Central Bank, find in the latest issue of Commentaries on Government and Business that in June 2021 the balance of foreign trade in services first became positive and amounted to $0.1 billion against a deficit of $0.7 billion in...
Last week, foreign investors pulled out the largest sum in the past nine months from Russian stocks. According to Emerging Portfolio Fund Research (EPFR), non-residents withdrew $85 mln through country and global funds, as global investors are selling Russian securities amid decreasing oil prices and the overall drop in the...
Last week, foreign investors pulled out the largest sum in the past nine months from Russian stocks. According to Emerging Portfolio Fund Research (EPFR), non-residents withdrew $85 mln through country and global funds, as global investors are selling Russian securities amid decreasing oil prices and the overall drop in the...
Chinese shares slumped on Monday as investor worries over the impact of government regulations kneecapped the education and property sectors, after Beijing barred for-profit tutoring in core school subjects.
The searing sell-off sent Hong Kong-listed Scholar Education Group shares crashing more than 43% in morning trade. Hong Kong stocks of New...
Chinese shares slumped on Monday as investor worries over the impact of government regulations kneecapped the education and property sectors, after Beijing barred for-profit tutoring in core school subjects.
The searing sell-off sent Hong Kong-listed Scholar Education Group shares crashing more than 43% in morning trade. Hong Kong stocks of New...
China has seen a robust growth in taxpaying market entities in the first half of the year amid the deepening of reforms to streamline government administrations, according to the State Taxation Administration.
The number of market entities handling tax-related businesses for the first time exceeded 6.24 million in the first six...
China has seen a robust growth in taxpaying market entities in the first half of the year amid the deepening of reforms to streamline government administrations, according to the State Taxation Administration.
The number of market entities handling tax-related businesses for the first time exceeded 6.24 million in the first six...
Date: July 27, 2021; Source: Bloomberg.com
...Date: July 27, 2021; Source: Bloomberg.com
...| 1 US DOLLAR | USD / KGS | 84,2283 |
| 1 EURO | EUR / KGS | 99,1620 |
| 1 RUSSIAN ROUBLE | RUB / KGS | 1,1418 |
| 1 KAZAKHSTAN TENGE | KZT / KGS | 0,1983 |
Date: July 27., 2021; Source: the National Bank of Kyrgyzstan
|
1 US DOLLAR |
USD / KGS |
84,2283 |
|
1 EURO |
EUR / KGS |
99,1620 |
|
1 RUSSIAN ROUBLE |
RUB / KGS |
1,1418 |
|
1 KAZAKHSTAN TENGE |
KZT / KGS |
0,1983 |
