Published
06/21/2026, 13:40The Cabinet of Ministers of Kyrgyzstan has approved new regulations on the issue, circulation and payment of simple promissory notes. The relevant resolution was adopted as part of efforts to improve the mechanism for the use of promissory notes and to bring subordinate legislation into line with updated legislation.
The document replaces the previously applicable regulations, approved by Cabinet of Ministers Resolution No. 791 of 25 December 2024. The new rules will come into force seven days after their official publication.
This update is linked to amendments made to the Law ‘On the Accession of the Kyrgyz Republic to the Convention Establishing a Uniform Law on Bills of Exchange and Promissory Notes’. In April 2026, a provision was introduced into the legislation allowing bills of exchange to be issued not only in paper form but also electronically using a digital signature.
Previously, the legislation provided exclusively for paper-based bills of exchange. Market participants now have the opportunity to use electronic documents, provided they comply with Kyrgyz legislation on digital signatures and electronic document management.
A bill of exchange is a security containing an unconditional obligation to pay a specified sum of money within a set period. This instrument is used in commercial transactions, enables the formalisation of debt obligations between business entities and can be used to defer payments.
The adoption of the new regulation is aimed at adapting the mechanism for the circulation of promissory notes to a digital format and developing electronic financial instruments in Kyrgyzstan.
