In 2024, the Ministry of Finance attracted 1 billion KGS through digital securities

The Ministry of Finance of Kyrgyzstan in 2024 successfully attracted 1 billion KGS through the issuance and placement of securities. This is stated in the revised budget for last year.

It should be noted that the agency for the first time issued and redeemed such instruments, laying the foundation for their further development.

It will be recalled that in June 2023, the Ministry of Finance announced its desire to create a public financial instrument that will facilitate prompt and transparent transactions, while minimising the burden of cash circulation.

‘Digital treasury bills will enable the settlement of payables, including tax and non-tax deductions, as well as non-financial and financial assets. In addition, the introduction of digital securities offers a number of benefits, including instant transfer without the use of traditional banking systems, strengthening and expanding the automated treasury system and promoting digital technology in the public administration system,’ the Ministry of Finance mentioned.