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SECTION NEWS
06/04/16 12:07  MPs adopt Budget Code

Deputies support idea of National Bank to increase penalties for exchange offices

05/04/16 13:48, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

After much debate, the deputies supported a bill to increase penalties for exchange offices in the second reading. The decision was taken today at a meeting of the Economic and Fiscal Policy Committee.

According to the document, the penalties increase up to 150-200,000 soms. The National Bank of the Kyrgyz Republic believes that such measures will reduce the shadow turnover of money. In 2015, the National Bank submitted similar document, but deputies rejected it. This year the bill was initiated by parliamentarians themselves. However, in the second reading the representatives of the exchange bureaus addressed to the Parliament, arguing that they won't be able to operate normally if the law is adopted. They asked the deputies to postpone the adoption of the document to re-examine the pros and cons.

"I don't believe that the question should be postponed. The bill was widely discussed. It is necessary to restore order in the currency market. Even if the examination of the document is postponed, the National Bank won't change its position," the head of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov said.

Deputies twice put to the vote the proposal to postpone consideration of the issue first for two weeks, then for a week. But in the end, the majority of votes approved the bill in second reading.


URL: http://eng.24.kg/parliament/179972-news24.html
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RELATED MATERIALS


Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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05.02.2017
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Talas
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Jalal-Abad
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Osh
-16...-9 -8...-4
Batken
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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