Published
04/29/2025, 15:51The head of the Kyrgyz Cabinet, Adylbek Kasymaliyev, shared the results of the reform with Capital Bank CA on his social media page.
He recalled that since 2025, Kyrgyzstan has tightened the rules for conducting transactions with cash and non-cash Russian rubles. Now, certain currency transfers are centralized: they must only go through Capital Bank of Central Asia, which is 100% state-owned.
This decision was made by the Cabinet of Ministers against the backdrop of rapid growth in the volume of ruble transactions outside banks — through exchange offices. According to officials, this increased the opacity of financial flows and created risks of circumventing international sanctions.
Key points:
The authorities assure that the measures are aimed at transparency, financial security, and the stable operation of the banking system. In the first weeks after the new rules, the amount of cash ruble transactions outside banks dropped.
Kasymaliyev stressed that Russia remains one of Kyrgyzstan's main economic partners and that the government will keep working to protect the interests of citizens and businesses.