Kyrgyz Republic - Banking SystemsKyrgyz Republic - Banking Systems
There are 25 commercial banks operating in the Kyrgyz Republic that offer a wide range of services, including assistance with new enterprise development and implementation of new investment projects. Some commercial banks operate through the Interbank Processing Center CJSC. Enterprises may use this system to pay salaries and make other payments. Transactions can be done in local currency or U.S. dollars, though new legislation mandating the Kyrgyz som as the official currency may eventually make dollar-denominated transactions more difficult.