Accessibility links

Breaking News

Kyrgyz Currency Law Comes Into Effect

Legislation in Kyrgyzstan that bans the use of foreign currency in all domestic transactions has come into force.

The legislation was passed by the Kyrgyz parliament on March 18.

According to the legislation, only the national currency, the som, can be used to pay for goods and services across the country.

The new regulation is expected to mainly affect Kyrgyzstan's property market, automobile sales, and airline companies -- the sectors where previously all prices and transactions were conducted in U.S. dollars or euros.

The failure to comply with the new regulations can lead to hefty fines.

RFE/RL has been declared an "undesirable organization" by the Russian government.

If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.

To find out more, click here.