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News / Legislation news /
The Law “On the Payment System of the Kyrgyz Republic” approved

January 22, 2015

On January 22, 2015 The President Almazbek Atambayev signed the Law of the Kyrgyz Republic “On the Payment System in the Kyrgyz Republic”.

The Law stipulates order and forms of effecting payments and money remittance on the territory of the Kyrgyz Republic, determines characteristics of payment systems, order of mutual relations among participants of payments, oversight of payment systems and powers of the National Bank of the Kyrgyz Republic in the payment system of Kyrgyzstan.

The Law of the Kyrgyz Republic “On Electronic Payments” No. 121 dated November 6, 1999 shall be invalidated by the above mentioned law.

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