Kyrgyz Republic - 2006 Annual Report
Financial supervision in the Krygyz Republic developed in 2006 as the central bank continued its implementation of the core principles of the Basel Committee for Banking Supervision.
The creation of a technical infrastructure helped to modernise payment systems. The central bank also implemented retail payment systems, the bulk clearing and the card processing system, in 2006.
Marat Alapaev, the chairman of the central bank, judged 2006 a successful year: " An overall picture of improvement in
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