Kyrgyzstan Bans Withdrawal of US Dollars
BISHKEK, KYRGYZSTAN: The National Bank of Kyrgyzstan has introduced temporary restrictions for transactions with cash in foreign currencies.
The restriction came into effect from March 11, at 5:30 pm for commercial banks, exchange offices, microfinance and micro-credit companies.
The ban will remain in effect until further notice.
The National Bank said in a statement that the withdrawal of cash US dollars from the country was banned to restore the country’s economic security and stabilize the situation in the domestic foreign exchange market.
Have Your Say!
Have you been affected by the issues raised in this story? Please share your experiences by emailing haveyoursay@soundvision.com.
Please include a contact number if you are willing to speak to a Muslim Network TV’s representative. You can also get in touch in the following ways:
Tweet: @MuslimNetworkTV
We must take charge of our narrative. Research indicates that 92% of their Muslim coverage is negative. Help us change that.
