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National Bank fines 11 people for illegal transactions

Published

12/02/2025, 09:20

National Bank fines 11 people for illegal transactions

The National Bank continued its fight against illegal currency transactions. Eleven citizens were identified in the capital who were conducting exchange transactions without a licence. Each of them was fined 17,500 KGS.

In addition, the National Bank temporarily suspended the operations of the Milan Exchange currency exchange bureau. Licence No. 7116 dated 22 August 2025 has been suspended from 28 November to 2 December 2025 inclusive. The decision was made due to violations of the requirements of the legislation and regulatory acts of the regulator. The exchange office operates in Bishkek at 5 Tologol Moldov Street, apartment 3.

The regulator reminds that transactions with foreign currency in cash are only permitted with an official licence.


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