OREANDA-NEWS. On July 06, 2007 the National Bank of the Kyrgyz Republic informed that no licenses (certificates) to non-bank financial institutions were issued, no licenses were revoked or withdrawn within the period from June 18 to June 22, 2007, reported the press-centre of National Bank of the Kyrgyz Republic.

From the beginning of 2007, during their inspections of the exchange offices activities, the NBKR officers revealed 26 cases of unlicensed exchange transactions involving foreign cash currency. Ten of these incidents were revealed in Osh Oblast, three - in Jalalabat Oblast, and thirteen - in Bishkek. NBKR's Administrative Committee conducted six sessions in order to review these violations. It made a decision to impose penalties for the total amount of 37,000 soms to be charged in favor of the State Budget. Penalties for the total amount of 22,500 soms have been already collected.

Also, three exchange offices have been deprived of their exchange licenses for transactions involving foreign cash currency, as a result of violating the banking legislation of the Kyrgyz Republic.