Kyrgyz national currency proved its reliability for 25 years - Abdygulov

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Bishkek, May 7, 2018 / Kabar /. One of the most important indicators of the economic stability of any country is the national currency, namely its reliability, purchasing capability and price stability, chairman of the National Bank Tolkunbek Abygulov told speaking at the solemn meeting in honor of the 25th jubilee of the Kyrgyz national currency.

He said that the Kyrgyz som managed to prove its consistency and maintain predictability, despite periodic turmoil in the economy.

"The Kyrgyz som today is adequately represented among other currencies. A stable national currency and a stable banking system are the main components of the country's economic growth. For a short period of independence, the domestic banking system has proved its stability by developing steadily. The activity of banks is constantly improving, innovative technologies are being introduced, the range of services offered is expanding and the volume of lending is growing. And in the end, it is aimed at sustainable development of the country," the chairman of the National Bank said.

He said that this work is being carried out thanks to the employees of the National Bank and noted that in 2003 the Day of bank employees’ was introduced, which is celebrated on May 10.


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