Published
02/15/2026, 18:01The Azerbaijan-Kyrgyz Development Fund has announced an auction to place temporarily available funds in commercial bank deposits. The placement will be carried out in two currencies at once — KGS and US dollars, with the currency portion being the first such case for this mechanism.
The fund intends to place $3 million in three equal lots of $1 million for a period of 12 months. The starting interest rate on deposits is set at 4% per annum.
At the same time, it is planned to place funds in the national currency — 150 million KGS:
The deadline for confirming the auction results is set for February 19.
The launch of currency placement continues the development of the market liquidity management mechanism in Kyrgyzstan. Previously, such operations were conducted mainly in KGS.
On February 13, the State Financial Holding placed 100 million KGS at a deposit auction on the Kyrgyz Stock Exchange for a term of 36 months.
The practice of deposit auctions in the country began last fall, when the Ministry of Finance first placed funds from the mitigation account in commercial banks through an exchange mechanism. The total amount placed at that time reached 24 billion KGS, of which 20.3 billion were distributed at market rates. Later, the Russian-Kyrgyz Development Fund joined the instrument.
